Dealogic roundup

Dealogic league table roundup, January 20

Gree Electric Appliances' $517 million follow-on marks the sixth-biggest ECM deal globally this year as China’s equity market re-opens.

Equity capital markets
Volume in the Asian equity capital markets totalled $1.4 billion from 10 transactions this week, which brings the average deal size this week to $140 million, the highest weekly average since the week of December 5 ($189 million). J.P. Morgan maintains its lead in the league table ranking with $603 million.

Gree Electric Appliances’ $517 million follow-on was the largest deal of the week and led by China Merchants Bank. The deal marks the sixth-biggest ECM transaction globally so far this year and pushes China Merchants Bank to second place in the league table ranking.

The second-biggest deal of the week was a $327 million follow-on for Xinjiang Tianshan Cement through bookrunner Hongyuan Securities, which boosted the bank to third place in the league table.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 J.P. Morgan 603 1 19.9
  2 China Merchants Bank 534 2 17.6
  3 Hongyuan Securities 327 1 10.8
  4 Credit Suisse 310 2 10.3
  5 Standard Chartered 146 3 4.8
  6 Citic Securities 127 1 4.2
  7 Huatai Securities 110 1 3.6
  8 UBS 84 2 2.8
  9 Maybank Investment Bank 65 1 2.1
  10 Goldin Global 63 1 2.1

 


Debt capital markets
Three Asian borrowers raised $1.4 billion in the G3 debt capital markets this week, down from the weekly record of $7.7 billion raised through seven trades in the week prior.

The top three banks in the league table ranking remain unchanged, with J.P. Morgan taking $2.6 billion, while HSBC and Goldman Sachs follow in second and third place, respectively.

Shinhan Bank issued the biggest deal of the week, raising $698 million through bookrunners Bank of America Merrill Lynch, BNP Paribas, Deutsche Bank, HSBC and Standard Chartered. The deal also marks the second largest bond on record for the issuer. Standard Chartered moved to fifth spot on the back of this deal.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 J.P. Morgan 2,559 8 19.9
  2 HSBC 1,960 7 15.3
  3 Goldman Sachs 1,813 6 14.1
  4 Citi 1,026 5 8.0
  5 Standard Chartered 900 3 7.0
  6 Morgan Stanley 896 2 7.0
  7 Deutsche Bank 848 4 6.6
  8 RBC Capital Markets 749 1 5.8
  9 Bank of America Merrill Lynch 687 3 5.4
  10 BNP Paribas 514 2 4.0

 

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