Dealogic League Table Roundup May 15

Industrial Bank completes the largest China block trade deal in 2015 YTD

Equity Capital Markets
A total of $11.1 billion has been raised in the Asian equity capital market this week through 27 deals, up on the $7.4 billion raised in last week.

Follow-ons accounted for the majority of the issuance this week with $10 billion via 25 deals, compared to $5.5 billion through 25 transactions last week.

The largest deal of the week is Industrial Bank’s $2.8 billion accelerated offering though joint bookrunner Goldman Sachs and UBS, which is also the largest China block trade* deal in 2015 YTD.

Another notable deal completed this week is Haitong Securities’ $2.3 billion follow-on via bookrunners Haitong Securities, UBS, Macquarie Group and JP Morgan. The transaction stands as the fourth biggest follow-on by Chinese issuers so far this year.

Goldman Sachs continues to lead the league table ranking in 2015 YTD with $10.5 billion while UBS and CITIC Securities follow with $8.4 billion and $5.1 billion, respectively.

*Block trade includes accelerated bookbuilds and bought deals

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
         
Pos. Bookrunner Deal Value ($m) No. %share
1 Goldman Sachs 10,495 24 10.7
2 UBS 8,396 32 8.6
3 CITIC Securities 5,055 25 5.2
4 Credit Suisse 4,577 18 4.7
5 Morgan Stanley 4,239 27 4.3
6 JP Morgan 4,118 20 4.2
7 Citi 2,569 14 2.6
8 China Investment Securities  2,360 8 2.4
9 Haitong Securities  2,245 21 2.3
10 Deutsche Bank 2,069 14 2.1

 

Debt Capital Markets
Seven issuers tapped the Asian G3 debt capital markets for a total of $4.9 billion so far this week, up slightly from the $4.6 billion raised last week.

Agricultural Bank of China’s $1.3 billion USD-denominated bond transactions is the largest deal of the week and the bookrunners were Wells Fargo Securities, Agricultural Bank of China Ltd, Citi and Bank of America Merrill Lynch.

Chinese issuers have tapped the G3 bond markets for a total of $46.9 billion so far this year, up 17.5% year-on-year and also the highest YTD total on record.

HSBC maintains its lead in the league table rankings with $10.5 billion in 2015 YTD while Citi follows with $9.1 billion. JPMorgan rounds off the top three with $6.2 billion.

 

Asia (ex Japan) G3 DCM Bookrunner Rankings -  2015 YTD
         
Pos. Bookrunner Deal Value ($m) No. %share
1 HSBC 10,464 59 11.2
2 Citi 9,084 43 9.7
3 JP Morgan 6,218 30 6.7
4 Bank of America Merrill Lynch 6,167 40 6.6
5 Standard Chartered  6,090 31 6.5
6 Deutsche Bank 5,914 38 6.3
7 Morgan Stanley 5,552 28 6.0
8 Bank of China 3,207 20 3.4
9 Goldman Sachs 3,032 13 3.3
10 ICBC 2,875 14 3.1

 

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