Dealogic League Table Roundup July 17

China Railway Group priced Asia's largest construction ECM deal in 2015.

 

 

Equity Capital Markets

Asian issuers have raised $4.2 billion in the equity capital markets this week through 38 deals, up on the $3.3 billion via 31 deals reached last week.

The largest deal of the week is China Railway Group’s $2.0 billion follow-on offering through bookrunners Bank of China, UBS and Morgan Stanley. This deal is largest Asia (ex Japan) ECM deal in the Construction sector this year and has pushed the region’s total construction ECM volume to a record high of $7.0 billion in 2015 YTD, up 42% year-on-year.

UBS continues to lead the league table ranking with $13.3 billion in 2015 YTD, followed by Goldman Sachs with $12.6 billion while CITIC Securities rounds off the top three with $12.5 billion.

Asia (ex Japan) ECM bookrunner rankings 2015 - YTD

Bookrunner Deal Value ($m) No. %share
UBS 13,269 44 7.6
Goldman Sachs 12,571 36 7.2
CITIC Securities 12,451 45 7.1
Morgan Stanley 8,070 45 4.6
Credit Suisse 7,112 38 4.1
JPMorgan 6,652 31 3.8
Guotai Junan Securities Co Ltd 5,845 27 3.3
Haitong Securities Ltd 5,372 47 3.1
Deutsche Bank 5,120 20 2.9
Citi 3,984 28 2.3

 

Debt Capital Markets

Seven issuers have tapped the G3 debt capital markets this week for a total of $2.7 billion, up on the $764 million raised through two deals last week.

The largest deal of the week is a $800 million bond for Zhaohai Investment (BVI) Ltd through bookrunners Standard Chartered Bank, ICBC, HSBC, CCB, DBS, China Merchants Bank, Shanghai Pudong Development Bank and Bank of China.

Asia (ex Japan) G3 DCM has reached $129.2 billion in 2015 YTD, up on $124.8 billion from the same period last year and the highest YTD level on record.

HSBC continues to top the league table rankings with $14.4 billion in 2015 YTD while Citi and JPMorgan follow with $12.0 billion and $8.8 billion, respectively.

Asia (ex Japan) G3 DCM bookrunner rankings 2015 - YTD

Bookrunner Deal Value ($m) No. %share
HSBC 14,364 86 11.2
Citi 11,986 60 9.3
JP Morgan 8,774 45 6.8
Deutsche Bank 7,885 54 6.1
Bank of America Merrill Lynch 7,691 51 6.0
Standard Chartered Bank 7,312 41 5.7
Morgan Stanley 6,136 33 4.8
Goldman Sachs 5,356 22 4.2
Bank of China 4,518 30 3.5
DBS 3,880 23 3.0

 

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