Dealogic League Table Roundup May 29

HKSAR issues the largest Hong Kong Islamic bond on record

Equity Capital Markets
A total of $8.2 billion has been raised in the Asian equity capital market this week through 25 deals, down on the $13 billion raised in last week.

Follow-ons accounted for the majority of the issuance this week with $8.1 billion via 22 deals, compared to $11.6 billion through 32 such transactions last week.

The largest deal of the week is Inner Mongolia Baotou Steel Union’s $4.9 billion cash placing though joint bookrunners Guotai Junan Securities and Deutsche Bank.

Goldman Sachs continues to lead the league table ranking in 2015 YTD with $10.8 billion while UBS and CITIC Securities follow with $9.2 billion and $6.0 billion, respectively.

Asia (ex Japan) ECM Bookrunner Rankings - 2015 YTD
         
  Bookrunner Deal Value ($m) No. %share
1 Goldman Sachs 10,775 25 9.0
2 UBS 9,237 37 7.7
3 CITIC Securities 5,990 30 5.0
4 Credit Suisse 5,480 25 4.6
5 Guotai Junan Securities  5,276 20 4.4
6 Deutsche Bank 4,794 16 4.0
7 Morgan Stanley 4,768 31 4.0
8 JP Morgan 4,516 22 3.8
9 Haitong Securities  3,657 30 3.1
10 Citi 2,921 17 2.4

 

Debt Capital Markets
Ten issuers tapped the Asian G3 debt capital markets for a total of $5.3 billion so far this week, slightly up from the $5.2 billion raised last week.

Hong Kong Special Administrative Region (HKSAR) issued a $1 billion USD-denominated Sukuk through Hong Kong Sukuk 2015 Ltd and the bookrunners were Standard Chartered Bank, HSBC, National Bank of Abu Dhabi PJSC and CIMB Group. This the largest deal of the week and also the largest Hong Kong Islamic bond on record, on par with Hong Kong government’s $1.0 billion issuance in September 2014 via Hong Kong Sukuk 2014.

HSBC maintains its lead in the league table rankings with $11.5 billion in 2015 YTD while Citi follows with $10.4 billion. Deutsche Bank rounds off the top three with $7 billion.

Asia (ex Japan) G3 DCM Bookrunner Rankings -  2015 YTD
         
  Bookrunner Deal Value ($m) No. %share
1 HSBC 11,543 64 11.1
2 Citi 10,393 50 10.0
3 Deutsche Bank 7,026 46 6.8
4 JP Morgan 6,977 34 6.7
5 Standard Chartered  6,718 37 6.5
6 Bank of America Merrill Lynch 6,319 43 6.1
7 Morgan Stanley 5,786 30 5.6
8 Bank of China 3,441 22 3.3
9 Goldman Sachs 3,082 14 3.0
10  ICBC 3,079 16 3.0

 

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