Equity Capital Markets
The Asian equity markets have raised $6.9 billion via 39 deals so far this week, up slightly on the $6.2 billion raised in the same period last week and is the strongest weekly ECM volume since the week of December 15, 2014 when $10.2 billion was raised.
Industrial Bank’s $2.1 billion accelerated offering through sole bookrunner Goldman Sachs was the largest deal of the week and is also the fifth biggest ECM transaction globally in 2015 so far.
Asia ex Japan accelerated offering* volume has reached $10.7 billion so far this year and more than double the $4.4 billion raised in the same period last year and is the highest YTD level since 2013 ($11.6 billion).
The increase is in line with the global trend with accelerated offerings totaling a record $45.5 billion in 2015 YTD and up 60% year-on-year.
Bolstered by the Industrial Bank’s $2 billion offering, Goldman Sachs has climbed to the top of the league table with $3.3 billion. UBS and Credit Suisse round up the top three banks, respectively.
*Includes accelerated offerings and bought deals
Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD | ||||
Pos. | Bookrunner | Deal Value ($m) | No. | %share |
1 | Goldman Sachs | 3,262 | 9 | 11.8 |
2 | UBS | 3,187 | 13 | 11.5 |
3 | Credit Suisse | 2,041 | 7 | 7.4 |
4 | China Investment Securities | 1,877 | 2 | 6.8 |
5 | Morgan Stanley | 1,105 | 7 | 4.0 |
6 | Deutsche Bank | 828 | 4 | 3.0 |
7 | JP Morgan | 733 | 5 | 2.7 |
8 | Bank of America Merrill Lynch | 721 | 3 | 2.6 |
9 | CITIC Securities | 686 | 7 | 2.5 |
10 | Haitong Securities | 657 | 8 | 2.4 |
Debt Capital Markets
Four issuers have tapped the Asian G3 debt capital markets for $2.1 billion so far this week, down from the $6 billion raised in the same period last week.
Evergrande Real Estate Group’s $1 billion trade through bookrunners JP Morgan, Deutsche Bank, China Merchants Securities, Credit Suisse and Jefferies.
Real estate G3 bond volume have reached $3.7 billion through 5 deals so far this year in 2015, compared to the $7.1 billion via 18 deals completed in the same 2014 period.
HSBC tops the debt capital markets league table ranking with $4 billion in 2015 YTD. Citi and Standard Chartered follow in second and third place, respectively.
Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD | ||||
Pos. | Bookrunner | Deal Value ($m) | No. | %share |
1 | HSBC | 3,998 | 21 | 12.0 |
2 | Citi | 3,876 | 13 | 11.6 |
3 | Standard Chartered | 3,000 | 14 | 9.0 |
4 | Deutsche Bank | 2,698 | 16 | 8.1 |
5 | JP Morgan | 2,335 | 11 | 7.0 |
6 | Goldman Sachs | 1,800 | 7 | 5.4 |
7 | Barclays | 1,297 | 9 | 3.9 |
8 | Credit Suisse | 1,178 | 6 | 3.5 |
9 | ICBC | 1,106 | 5 | 3.3 |
10 | Bank of America Merrill Lynch | 1,006 | 7 | 3.0 |