Dealogic league table roundup, March 18

HPH Trust’s $5.5 billion deal becomes Singapore’s largest IPO on record.

Equity capital markets
A dozen issuers raised a total of $6.1 billion in Asia’s equity capital market this week, led by HPH Trust’s $5.5 billion offering, making it the second-largest weekly volume so far this year. Goldman Sachs continues to head the league table ranking with $4.7 billion, while Deutsche Bank and Credit Suisse round out the top three.

HPH Trust’s debut stands as the biggest Singapore listing on record, surpassing the $3 billion raised by Global Logistic Properties last year.

The deal involved three bookrunners and helped DBS jump into the top 10 at fifth place. Goldman Sachs and Deutsche Bank were the other bookrunners.

Issues scheduled to price next week include Far East Horizon’s $631 million IPO, led by CICC, HSBC, Morgan Stanley and UBS; and a $320 million equity-linked deal for Sichuan Chuantou Energy through bookrunner UBS.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 Goldman Sachs 4,678 7 10.9
  2 Deutsche Bank 3,152 8 7.4
  3 Credit Suisse 2,658 9 6.2
  4 Guosen Securities 2,018 14 4.7
  5 DBS 1,846 4 4.3
  6 UBS 1,583 10 3.7
  7 CICC 1,290 4 3.0
  8 Guotai Junan Securities 1,239 10 2.9
  9 Morgan Stanley 1,188 8 2.8
  10 Ping An Securities 1,147 8 2.7

 


Debt capital markets
The bond market has been subdued this week, with just two deals and a total issuance of $150 million — precisely one-tenth of last week’s issuance. Unsurprisingly, the top 10 league table rankings remain static with HSBC, J.P. Morgan and Standard Chartered sitting in the top three places.

Posco Power's $100 million bond was the biggest deal of the week, led by KB Investment & Securities. Shinhan Capital also raised $50 million through Samsung Securities.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 HSBC 1,797 10 9.6
  2 J.P. Morgan 1,762 7 9.4
  3 Standard Chartered 1,377 12 7.4
  4 Goldman Sachs 1,312 3 7.0
  5 Deutsche Bank 1,268 8 6.8
  6 Citi 978 6 5.2
  7 RBS 966 9 5.2
  8 Barclays Capital 766 5 4.1
  9 Daiwa 757 3 4.0
  10 KB Investment & Securities 732 8 3.9

 

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222