Dealogic roundup

Dealogic league table roundup, March 16

Citi and HSBC continue to lead the Asian league tables for equity and debt capital markets.

Equity capital markets
Volume in the Asian equity capital markets totalled $2.5 billion from 21 transactions, this week, bringing year-to-date volume to $26.6 billion, a 39% decrease compared to the $43.8 billion completed in the same 2011 period.

The largest deal of the week was a $358 million equity-linked issuance for Khazanah Nasional through CIMB Bank, Deutsche Bank and J.P. Morgan. The deal is also the biggest equity-linked transaction for the region so far this year.

A follow-on for Sichuan Chuantou Energy through UBS was the second largest deal of the week and Hyundai Wia Corp’s $300 million follow-on via Goldman Sachs bumped the bank up a notch in the league table ranking to third place.

Citi continues to dominate the league table ranking with $3.2 billion, followed J.P. Morgan with $2.2 billion.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 Citi 3,191 9 12
  2 J.P. Morgan 2,229 9 8.4
  3 Goldman Sachs 2,025 7 7.6
  4 UBS 1,779 9 6.7
  5 Deutsche Bank 1,361 6 5.1
  6 Credit Suisse 1,135 5 4.3
  7 Citic Securities 1,131 6 4.3
  8 Bank of America Merrill Lynch 1,079 6 4.1
  9 GF Securities 867 5 3.3
  10 Morgan Stanley 822 4 3.1

 


Debt capital markets
Asian borrowers tapped the Asian G3 debt capital markets for $5.2 billion through nine trades this week. The largest transaction was a $1 billion supranational bond for Asian Development Bank through bookrunners J.P. Morgan and Morgan Stanley. The deal marks the issuer’s sixth bond so far this year, raising a total of $4.3 billion, compared to the $2.8 billion raised form two deals in 2011 during the same period.

Citic Pacific also raised a $750 million bond through UBS, HSBC, Deutsche Bank and Standard Chartered in what was the second-biggest deal of the week. This brings Chinese G3 bond volume to $3.4 billion so far this year, down 20% on the record $4.2 billion raised in 2011 YTD. While issuers from the Philippines have tapped the G3 bond market for a record $6.8 billion in 2012, double the $3.4 billion raised in the same period last year.

HSBC tops the league table ranking with $6.2 billion, followed by J.P. Morgan and Standard Chartered.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 HSBC 6,182 30 16.5
  2 J.P. Morgan 5,070 27 13.5
  3 Standard Chartered 3,457 20 9.2
  4 Goldman Sachs 3,298 11 8.8
  5 Morgan Stanley 2,830 14 7.6
  6 Citi 2,600 15 6.9
  7 Bank of America Merrill Lynch 2,257 11 6
  8 Deutsche Bank 2,044 15 5.5
  9 UBS 1,702 12 4.5
  10 Barclays Capital 1,348 7 3.6

 

 

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