Dealogic roundup

Dealogic league table roundup, Dec 9

Issuers rush to the equity markets as the year draws to an end, making it the busiest week since September.
<div style="text-align: left;"> New China Life Insurance’s $1.9 billion IPO was the biggest deal of the week (ImagineChina) </div>
<div style="text-align: left;"> New China Life Insurance’s $1.9 billion IPO was the biggest deal of the week (ImagineChina) </div>
December 09, 2011

Equity capital markets
Asia issuers raised a total of $5.9 billion in the equity capital markets this week from 28 issues, the highest weekly deal count since September 26 with 32 completed transactions.

New China Life Insurance’s $1.9 billion IPO was the biggest deal of the week and was led by BNP Paribas, China International Capital Corp, China Merchants Bank, Deutsche Bank, Goldman Sachs, HSBC, Bank of America Merrill Lynch and UBS. The deal is the fourth-biggest new listing in Hong Kong so far this year. A $1.2 billion IPO for Nexon was the second-largest deal of the week and led by Nomura, Morgan Stanley, Goldman Sachs and Barclays Capital. The deal is the biggest Japan-listed IPO so far this year and also marks the first ever IPO by a South Korean issuer in Japan.

Haitong Securities’ $1.6 billion new listing and Chow Tai Fook’s $2.8 billion IPO were slated to complete today, which could have made this week the busiest so far this year. However, Haitong has now been delayed until next week at the earliest.

Goldman Sachs continues to lead the league table ranking with $13 billion, followed by Morgan Stanley and UBS.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 Goldman Sachs 12,996 38 8.1
  2 Morgan Stanley 10,067 46 6.3
  3 UBS 7,078 44 4.4
  4 Deutsche Bank 6,565 35 4.1
  5 Credit Suisse 6,502 38 4.1
  6 CICC 5,663 21 3.5
  7 Bank of America Merrill Lynch 5,263 21 3.3
  8 Citi 4,959 35 3.1
  9 J.P. Morgan 4,896 35 3.1
  10 Ping An Securities 4,465 34 2.8

 

Debt capital markets
Three Asian issuers tapped the G3 debt capital markets for $1.1 billion this week.

A $600 million trade for Tencent Holdings was the largest trade of the week and led by Goldman Sachs, Deutsche Bank, Credit Suisse and HSBC. This deal marks the debut offering for the company.

The top three banks in the league table ranking remain unchanged with HSBC on $10.3 billion, followed by Citi and Deutsche Bank.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 HSBC 10,270 65 12.4
  2 Citi 6,967 40 8.4
  3 Deutsche Bank 6,040 36 7.3
  4 Standard Chartered 5,711 43 6.9
  5 Goldman Sachs 5,444 27 6.6
  6 UBS 5,273 30 6.4
  7 J.P. Morgan 4,941 35 6.0
  8 Barclays Capital 4,615 28 5.6
  9 Bank of America Merrill Lynch 4,369 29 5.3
  10 RBS 4,008 33 4.8

 

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