Equity Capital Markets
Asia (ex Japan) ECM volume stands at $545m via seven deals so far this week compared to the $4.2bn via 14 deals completed in the previous week.
Vietnamese Issuer Masan Group completed a $209m follow-on via Credit Suisse and Viet Capital Securities in what is the largest Asia (ex Japan) ECM transaction this week.
Asia (ex Japan) ECM volume stands at $180.8bn via 1,294 deals in 2018 YTD, up from $171.2bn via 1,588 deals in the same 2017 period and the fourth highest YTD volume on record. Chinese issuer accounts for 70.9% of the total market volume, followed by India (8.7%) and South Korea (7.3%).
Goldman Sachs leads Asia (ex Japan) ECM market with $15.0bn, followed by Citi with $11.9bn and Morgan Stanley with $11.2bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | Goldman Sachs | 14,957.8 | 62 | 8.27 |
| 2 | Citi | 11,876.6 | 70 | 6.57 |
| 3 | Morgan Stanley | 11,229.9 | 49 | 6.21 |
| 4 | China International Capital Corp Ltd | 10,413.9 | 38 | 5.76 |
| 5 | China Securities Co Ltd | 9,613.8 | 41 | 5.32 |
Debt Capital Markets
Asia (ex Japan) international DCM totaled $1.1bn via 3 deals this week, compared to $712m via 4 deals in the previous week.
The largest deal of the week goes to Asian Development Bank with $264m proceeds via ANZ, National Australia Bank, and TD Securities.
In Asia (ex Japan) International DCM, Formosa bond issuance has reached its all-time YTD volume on record this year with $4.9bn via 23 deals. Panda bond issuance also reached its all-time YTD on record this year with $2.5bn via 9 deals.
HSBC leads the Asia (ex Japan) international DCM league with $21.3bn. This is followed by Citi with $15.3bn and Standard Chartered Bank with $11.5bn.
| Pos. | Bookrunner | Deal Value ($m) | No. | %share |
|---|---|---|---|---|
| 1 | HSBC | 21,279.6 | 194 | 8.37 |
| 2 | Citi | 15,273.4 | 121 | 6.01 |
| 3 | Standard Chartered Bank | 11,537.3 | 118 | 4.54 |
| 4 | Bank of China | 10,785.6 | 119 | 4.24 |
| 5 | DBS | 9,622.3 | 97 | 3.78 |
