Equity Capital Markets
A total of 18 ECM transactions have been completed this week raising altogether $739 million, down on the $3.7 billion raised in the same period last week and bringing the region’s total issuance to $180.6 billion in 2015 YTD, up 59% year-on-year and the highest YTD level on record.
Zhuhai Hokai Medical Instruments' $164 million follow-on offering through sole bookrunner Bank of China is the largest deal this week. Total Healthcare ECM volume has reached $14.8 billion in the region, more than triple the $4.6 billion priced in the same 2014 period and the highest YTD level on record.
CITIC Securities leads the league table ranking with $13.33 billion in 2015 YTD, with UBS trailing closely behind with $13.30 billion and Goldman Sachs rounding off the top three with $12.6 billion.
| Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | CITIC Securities | 13,334 | 47 | 7.4 |
| 2 | UBS | 13,298 | 45 | 7.4 |
| 3 | Goldman Sachs | 12,576 | 36 | 7.0 |
| 4 | Morgan Stanley | 8,137 | 46 | 4.5 |
| 5 | Credit Suisse | 7,261 | 39 | 4.0 |
| 6 | JPMorgan | 6,652 | 31 | 3.7 |
| 7 | Guotai Junan Securities | 5,879 | 28 | 3.3 |
| 8 | Haitong Securities | 5,441 | 49 | 3.0 |
| 9 | Deutsche Bank | 5,120 | 20 | 2.8 |
| 10 | China International Capital Corp | 4,083 | 23 | 2.3 |
Debt Capital Markets
Three issuers have tapped the G3 debt capital markets this week for a total of $1.8 billion, up on the $8.0 billion raised through nine deals last week.
The largest deal of the week is DBS Bank’s $1 billion transaction through bookrunners JPMorgan, Deutsche Bank, DBS, Barclays, SG Corporate & Investment Banking and Citi.
FIG issuers have tapped the Asia (ex Japan) G3 bond markets for a total of $36.9 billion in 2015 YTD, up from the $26.8 billion in 2014 YTD and the highest YTD level on record. Issuance from Chinese borrowers counts for 74% of the region’s total with a record $27.4 billion in 2015 YTD.
HSBC continues to top the league table ranking with $15.1 billion in 2015 YTD while Citi and JPMorgan follow with $12.8 billion and $9.5 billion, respectively.
| Asia (ex Japan) G3 DCM Bookrunner Rankings - 2015 YTD | ||||
| Bookrunner | Deal Value ($m) | No. | %share | |
| 1 | HSBC | 15,105 | 91 | 11.2 |
| 2 | Citi | 12,810 | 67 | 9.5 |
| 3 | JPMorgan | 9,454 | 49 | 7.0 |
| 4 | Deutsche Bank | 8,363 | 57 | 6.2 |
| 5 | Bank of America Merrill Lynch | 7,871 | 53 | 5.8 |
| 6 | Standard Chartered Bank | 7,473 | 43 | 5.5 |
| 7 | Morgan Stanley | 6,197 | 34 | 4.6 |
| 8 | Goldman Sachs | 5,869 | 25 | 4.4 |
| 9 | Bank of China | 4,761 | 33 | 3.5 |
| 10 | DBS | 4,148 | 26 | 3.1 |
