Dealogic League Table Roundup June 12

Both equity capital markets and debt capital markets see a lull in activity this week

Equity Capital Markets
A total of $3.6 billion has been raised in the Asian equity capital market this week through 26 deals, the lowest weekly volume since the week of April 6th ($2.2 billion via 28 deals) and down from the $10 billion raised last week.

The largest deal of the week is a $563 million follow-on for Franschion Properties (China) through bookrunners Morgan Stanley, China Construction Bank and HSBC. The deal is third biggest real estate sector ECM transaction in the region.

Real estate issuers in the region have raised a total of $8.5 billion in the equity capital markets so far this year through 50 deals and almost double the $4.9 billion raised in the same period last year.

Goldman Sachs leads the league table ranking with $11.5 billion in 2015 YTD, followed by UBS and CITIC Securities with $10.8 billion and $7.4 billion, respectively.

 

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
         
  Bookrunner Deal Value ($m) No. %share
1 Goldman Sachs 11,515 29 8.5
2 UBS 10,798 38 7.9
3 CITIC Securities 7,397 35 5.4
4 Credit Suisse 6,651 31 4.9
5 Morgan Stanley 6,303 37 4.6
6 Guotai Junan Securities 5,608 23 4.1
7 JP Morgan 5,179 23 3.8
8 Deutsche Bank 4,925 18 3.6
9 Haitong Securities 4,384 34 3.2
10 Citi 3,218 19 2.4

Debt Capital Markets
Six issuers tapped the Asian G3 debt capital markets for a total of $2.2 billion so far this week, down on the $5.4 billion raised last week and the lowest weekly issuance since the week of March 20th ($806 million via four deals).

China Great Wall International Holdings II’s $1 billion trade through a consortium of 14 bookrunners is the biggest deal of the week and brings FIG G3 issuance in Asia ex Japan to a record $28.3 billion in 2015 YTD and up 33% year-on-year. Chinese issuers account for 69% of total issuance with $19.5 billion, up from just 33% share in 2014 YTD.

HSBC continues to top the league table rankings with $12.6 billion in 2015 YTD while Citi and Deutsche Bank follow with $11.1 billion and $7.5 billion, respectively.

 

Asia (ex Japan) G3 DCM Bookrunner Rankings -  2015 YTD
         
  Bookrunner Deal Value ($m) No. %share
1 HSBC 12,613 71 11.1
2 Citi 11,108 54 9.7
3 Deutsche Bank 7,502 50 6.6
4 JPMorgan 7,372 38 6.5
5 Standard Chartered  6,954 39 6.1
6 Bank of America Merrill Lynch 6,625 46 5.8
7 Morgan Stanley 5,870 31 5.1
8 Bank of China 3,796 25 3.3
9 DBS 3,378 20 3.0
10 Credit Suisse 3,374 18 3.0

 

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