Dealogic roundup

Dealogic league table roundup, Nov 11

ICBC's follow-on is the largest deal of the week as equity markets continue to suffer from volatility.
November 11, 2011

Equity capital markets
There was a total of $2.7 billion of activity in Asia’s equity capital markets through 14 issues this week, bringing year-to-date issuance to $144.2 billion — a 42% decrease compared to the same 2010 period.

Goldman Sachs remains the top of the bookrunner ranking with $12.5 billion, followed by Morgan Stanley and UBS.

Industrial & Commercial Bank of China’s $1.1 billion accelerated bookbuild was the largest deal of the week and led by sole bookrunner Goldman Sachs. Hankook Tire’s $559 million follow-on was the second-biggest deal of the week and was led by Citi. The deal is also the sixth-biggest ECM transaction in South Korea this year.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 Goldman Sachs 12,517 34 8.7
  2 Morgan Stanley 9,510 40 6.6
  3 UBS 6,424 40 4.5
  4 Deutsche Bank 6,062 31 4.2
  5 Credit Suisse 6,002 34 4.2
  6 Bank of America Merrill Lynch 4,968 18 3.4
  7 Citi 4,911 34 3.4
  8 Ping An Securities 4,403 33 3.1
  9 J.P. Morgan 4,363 31 3.0
  10 Citic Securities 3,851 12 2.7

 

Debt capital markets
Korea Finance Corp’s $748 million trade was the only issue of the week, through Daewoo Securities, Credit Suisse, Bank of America Merrill Lynch, RBS and HSBC- pushing total volume for the year to $76.9 billion, down 6% year-on-year.

The top three banks in the league table ranking remain unchanged with HSBC with $9.1 billion, followed by Citi and Deutsche Bank.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 HSBC 9,087 57 11.8
  2 Citi 6,014 37 7.8
  3 Deutsche Bank 5,846 33 7.6
  4 UBS 5,126 29 6.7
  5 Goldman Sachs 5,095 25 6.6
  6 J.P. Morgan 4,820 33 6.3
  7 Standard Chartered 4,815 39 6.3
  8 Bank of America Merrill Lynch 4,145 27 5.4
  9 RBS 3,982 32 5.2
  10 Barclays Capital 3,549 23 4.6