Dealogic roundup

Dealogic league table roundup, Nov 25

CICC moves into the top six in Asia’s equity capital markets league table.

Equity capital markets
There was a total of $5.6 billion of activity from 19 issues in the Asian equity capital markets this week, the highest weekly level seen since July 4 with $8.5 billion.

Goldman Sachs continues to lead the league table ranking on $12.7 billion, followed by Morgan Stanley and UBS.

Hebei Iron & Steel’s $2.5 billion A-share follow-on was the biggest deal of the week and was led by CICC, China Huaneng Group and Guotai Junan Securities. A $1.2 billion IPO for HKT Trust was the second-biggest deal of the week and included roles for eight banks: CICC, DBS, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan, Mizuho and Standard Chartered. The spin-off by PCCW is the largest spin-off IPO to complete this year and the seventh largest IPO in the region in 2011 YTD.

CICC was the sole bookrunner for the third-biggest deal of the week on a $703 million IPO for Jiangsu Phoenix Publishing & Media. These three deals helped push CICC to sixth place in the league table ranking.

Top 10 Asia ex-Japan ECM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 Goldman Sachs 12,686 36 8.4
  2 Morgan Stanley 9,587 41 6.4
  3 UBS 6,424 40 4.3
  4 Deutsche Bank 6,267 33 4.2
  5 Credit Suisse 6,058 35 4.0
  6 CICC 5,208 20 3.5
  7 Bank of America Merrill Lynch 4,968 18 3.3
  8 Citi 4,911 34 3.3
  9 J.P. Morgan 4,512 32 3.0
  10 Ping An Securities 4,465 34 3.0

 


Debt capital markets
Two Asian issuers tapped the G3 debt capital markets for $300 million this week — bringing total issuance this year to $80.4 billion, down 7% from the same period last year.

A $200 million bond for Singtel Group Treasury was the biggest trade of the week, followed by a $100 million trade for Dongkuk Steel Mill. Both deals saw Barclays Capital acting as sole bookrunner.

The top three banks in the league table ranking remain unchanged with HSBC with $9.7 billion, followed by Citi and Deutsche Bank.

Top 10 Asia ex-Japan DCM bookrunner rankings

    Bookrunner parents Value ($m) No. %
  1 HSBC 9,750 61 12.1
  2 Citi 6,843 39 8.5
  3 Deutsche Bank 5,891 35 7.3
  4 Standard Chartere 5,565 42 6.9
  5 Goldman Sachs 5,295 26 6.6
  6 UBS 5,126 29 6.4
  7 J.P. Morgan 4,841 34 6.0
  8 Barclays Capital 4,345 26 5.4
  9 Bank of America Merrill Lynch 4,145 27 5.2
  10 RBS 3,982 32 5.0