asia pacific capital markets - … · citi 2 6.793 6,914 70 3 7.243 -0.450 bank of china 3 4.994...

ASIA PACIFIC CAPITAL MARKETS LEAGUE TABLES H1 2018 PreliminaryAs of 25 June 2018

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MANAGER RANKINGS

ASIA PACIFIC CAPITAL MARKETS

DATA SUBMISSIONS AND QUERIES

Equities

Fixed Income

Loans

APAC League

Contact Email Phone

H1 2018 PRELIMINARY AS OF 25 JUNE 2018

© 2018 Bloomberg Finance L.P. All rights reserved.

Zhen Hao Toh

Jennifer Passos

Colin Tang

Xin Yu Chen

+65 6499 2931

+65 6231 9677

+65 6499 2949

+65 6212 1123

[email protected]

[email protected]

[email protected]

[email protected]

http://www.bloomberg.com/

Bloomberg PreliminaryAPACCapitalMarkets|H12018

BloombergLeagueTableReports Page1

AsiaPacificFixedIncome

Asiaex-JapanG3CurrencyBonds

H12018 H12017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

HSBC 1 7.327 10,159 126 1 9.020 -1.693

Citi 2 5.929 8,219 85 3 6.455 -0.526

BankofChina 3 5.352 7,421 115 4 5.037 0.315

StandardCharteredBank 4 4.355 6,038 76 2 6.640 -2.285

BankofAmericaMerrillLynch 5 3.255 4,513 61 10 2.947 0.308

DeutscheBank 6 3.218 4,461 51 5 4.246 -1.028

JPMorgan 7 3.154 4,373 39 6 4.151 -0.997

BNPParibas 8 3.118 4,323 56 17 2.350 0.768

CreditSuisse 9 2.877 3,988 49 7 3.450 -0.573

MorganStanley 10 2.736 3,794 54 8 3.334 -0.598

Industrial&CommBankofChina

11 2.595 3,597 66 13 2.619 -0.024

GoldmanSachs 12 2.588 3,588 36 16 2.369 0.219

DBSGroup 13 2.414 3,347 54 12 2.858 -0.444

UBS 14 2.408 3,339 48 9 3.231 -0.823

HaitongSecuritiesCoLtd 15 2.274 3,153 62 11 2.865 -0.591

CreditAgricoleCIB 16 2.252 3,123 35 22 1.720 0.532

MizuhoFinancial 17 2.173 3,013 49 21 1.776 0.397

Barclays 18 2.171 3,010 35 19 1.818 0.353

ChinaCiticBank 19 1.837 2,547 51 20 1.803 0.034

BankofCommunications 20 1.707 2,367 44 15 2.389 -0.682

TOTAL 100% 138,642 325 100%

Thistableconsistsofdebt&preferredsecuritiesissuedbyAsiaexcludingJapanissuersanddenominatedinUSD,EURorJPY.Thisexcludesasset-backedsecurities,bondswithwarrants,certificatesofdeposit,chinacommercialpaper,convertiblesecurities,credit-linkednotesandsupranationalissuers.Thereisaminimumthresholdof18monthsformaturitiesandUSD100MMminimumamount.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials55%

Government12%

Technology7%

Materials6%

Utilities6%

Others13%

Asiaex-JapanG3CurrencyBonds:ManagerRankingsHistory

Asiaex-JapanG3CurrencyBonds:IndustryBreakdown

55%

12%

7%

6%

6%

13%

HSBC Ci

ti

BankofChin

a

StandardChartere

dBank

BankofAme

ricaM

errillLynch

Deuts

cheB

ank

5

10

Marke

tSha

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)

0

15

2018 2017 2016



Asiaex-JapanG3CurrencyBondsH12018 H12017

Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

HSBC 1 7.327 10,159 126 1 9.020 -1.693

Citi 2 5.929 8,219 85 3 6.455 -0.526

BankofChina 3 5.352 7,421 115 4 5.037 0.315



DeutscheBank 6 3.218 4,461 51 5 4.246 -1.028

JPMorgan 7 3.154 4,373 39 6 4.151 -0.997

BNPParibas 8 3.118 4,323 56 17 2.350 0.768

CreditSuisse 9 2.877 3,988 49 7 3.450 -0.573

MorganStanley 10 2.736 3,794 54 8 3.334 -0.598

Industrial&CommBankofChina 11 2.595 3,597 66 13 2.619 -0.024

GoldmanSachs 12 2.588 3,588 36 16 2.369 0.219

DBSGroup 13 2.414 3,347 54 12 2.858 -0.444

UBS 14 2.408 3,339 48 9 3.231 -0.823




Barclays 18 2.171 3,010 35 19 1.818 0.353

ChinaCiticBank 19 1.837 2,547 51 20 1.803 0.034


TOTAL 100% 138,642 325 100%

APACex-JapanG3CurrencyBondsH12018 H12017


HSBC 1 7.111 12,460 142 1 9.197 -2.086

Citi 2 6.955 12,186 110 2 6.796 0.159

JPMorgan 3 4.798 8,406 64 3 5.883 -1.085


BankofChina 5 4.235 7,421 115 7 3.982 0.253

GoldmanSachs 6 3.785 6,632 48 11 2.807 0.978

BNPParibas 7 3.564 6,245 65 12 2.502 1.062


DeutscheBank 9 3.404 5,964 59 8 3.742 -0.338

MorganStanley 10 3.151 5,521 64 5 4.649 -1.498

CreditSuisse 11 3.138 5,498 60 9 3.293 -0.155

UBS 12 2.504 4,387 53 10 3.100 -0.596

ANZBankingGroup 13 2.128 3,728 43 15 2.198 -0.070


Barclays 15 1.987 3,482 38 19 1.705 0.282

DBSGroup 16 1.910 3,347 54 14 2.260 -0.350




CommonwealthBankAustralia 20 1.616 2,832 24 29 0.832 0.784

TOTAL 100% 175,209 392 100%

Asiaex-JapanG3CorporateHighYieldBondsH12018 H12017



GuotaiJunanSecurities 2 6.835 1,474 37 13 3.123 3.712

MorganStanley 3 5.155 1,112 15 5 4.652 0.503

CreditSuisse 4 4.940 1,065 18 2 9.434 -4.494

ChinaCiticBank 5 4.813 1,038 17 3 7.079 -2.266

DeutscheBank 6 4.745 1,023 18 9 3.949 0.796

HSBC 7 3.825 825 18 4 6.029 -2.204

UBS 8 3.822 824 19 15 2.710 1.112

BankofChina 9 3.518 759 14 16 2.258 1.260

Barclays 10 3.362 725 5 10 3.826 -0.464

StandardCharteredBank 11 3.320 716 13 12 3.178 0.142

JPMorgan 12 3.223 695 7 7 4.447 -1.224

GoldmanSachs 13 2.967 640 6 14 2.883 0.084

OrientSecuritiesCoLtd 14 2.950 636 15 51 0.122 2.828

CITICSecuritiesCoLtd 15 2.635 568 9 26 0.837 1.798

BankofAmericaMerrillLynch 16 2.550 550 12 17 2.161 0.389

IndustrialSecuritiesCoLtd 17 2.487 536 15 51 0.122 2.365

VTBCapital 18 2.448 528 9 22 1.019 1.429

DBSGroup 19 2.301 496 8 11 3.330 -1.029

Citi 20 1.779 384 7 6 4.647 -2.868

TOTAL 100% 21,563 77 100%

Asiaex-JapanG3InvestmentGradeBondsH12018 H12017


HSBC 1 8.337 8,487 99 1 9.891 -1.554

Citi 2 6.793 6,914 70 3 7.243 -0.450

BankofChina 3 4.994 5,084 78 4 5.429 -0.435



BNPParibas 6 3.824 3,892 48 14 2.440 1.384



JPMorgan 9 2.925 2,978 29 6 4.095 -1.170

GoldmanSachs 10 2.798 2,848 28 13 2.609 0.189

DeutscheBank 11 2.780 2,830 29 5 4.390 -1.610


MorganStanley 13 2.527 2,572 35 10 3.302 -0.775


UBS 15 2.133 2,171 24 8 3.361 -1.228

DBSGroup 16 1.976 2,011 29 18 1.932 0.044

MitsubishiUFJFinancialGroupInc 17 1.948 1,982 25 19 1.726 0.222

CreditSuisse 18 1.903 1,937 23 20 1.578 0.325

Barclays 19 1.894 1,928 24 22 1.489 0.405

SocieteGenerale 20 1.560 1,588 22 25 1.005 0.555

TOTAL 100% 101,789 201 100%



APACUSD&EURCurrencyBondsH12018 H12017


Citi 1 7.933 15,868 128 2 7.324 0.609

HSBC 2 6.291 12,585 143 1 8.698 -2.407

JPMorgan 3 5.492 10,987 77 3 7.115 -1.623


GoldmanSachs 5 4.342 8,685 55 7 4.188 0.154

MorganStanley 6 4.163 8,326 76 6 4.598 -0.435

BankofChina 7 3.679 7,358 113 8 3.522 0.157

DeutscheBank 8 3.487 6,975 65 9 3.421 0.066

BNPParibas 9 3.245 6,491 67 12 2.622 0.623


CreditSuisse 11 2.748 5,498 60 10 2.912 -0.164


UBS 13 2.316 4,633 55 11 2.742 -0.426


SumitomoMitsuiFinancial 15 2.177 4,354 27 35 0.666 1.511

Barclays 16 1.991 3,982 41 14 2.154 -0.163



DBSGroup 19 1.673 3,347 54 16 1.998 -0.325


TOTAL 100% 200,030 430 100%

AsiaBondsH12018 H12017


BankofChina 1 4.222 26,157 217 5 2.986 1.236

CITICSecuritiesCoLtd 2 3.910 24,226 146 6 2.913 0.997

Industrial&CommBankofChina 3 3.775 23,388 170 9 2.472 1.303

MorganStanley 4 3.120 19,331 282 1 3.706 -0.586

ChinaSecuritiesCoLtd 5 3.055 18,929 165 14 2.150 0.905

ChinaConstructionBank 6 2.803 17,367 159 7 2.756 0.047

MizuhoFinancial 7 2.792 17,297 296 2 3.411 -0.619

HSBC 8 2.703 16,748 197 3 3.199 -0.496

AgriculturalBankofChina 9 2.702 16,741 118 18 1.797 0.905

Citi 10 2.471 15,307 140 4 3.011 -0.540

SumitomoMitsuiFinancial 11 2.217 13,733 212 10 2.418 -0.201

Nomura 12 2.092 12,964 213 8 2.594 -0.502

ChinaMerchantsBank 13 2.091 12,956 132 19 1.678 0.413

IndustrialBank 14 2.079 12,883 139 29 1.168 0.911

ChinaDevelopmentBank 15 2.064 12,787 84 32 0.996 1.068

ChinaInternationalCapitalCorp 16 2.024 12,538 99 17 1.876 0.148


DaiwaSecurities 18 1.826 11,314 215 12 2.238 -0.412

ChinaCiticBank 19 1.803 11,172 125 22 1.505 0.298

ChinaMinshengBankingCorpLtd 20 1.658 10,271 124 42 0.797 0.861

TOTAL 100% 619,535 3,346 100%

Asiaex-JapanBondsH12018 H12017


BankofChina 1 4.886 26,112 215 1 3.597 1.289




ChinaConstructionBank 5 3.250 17,367 159 4 3.319 -0.069


HSBC 7 3.096 16,543 194 2 3.536 -0.440


IndustrialBank 9 2.411 12,883 139 23 1.407 1.004




Citi 13 2.132 11,395 121 6 2.908 -0.776

ChinaCiticBank 14 2.091 11,172 125 15 1.812 0.279


ShanghaiPudongDevelopmentBankCoLtd 16 1.896 10,134 124 27 1.199 0.697

BankofCommunications 17 1.879 10,039 108 16 1.766 0.113

GuotaiJunanSecurities 18 1.758 9,394 120 10 2.290 -0.532


ChinaMerchantsSecurities 20 1.255 6,704 48 18 1.633 -0.378

TOTAL 100% 534,377 2,889 100%

APACBondsH12018 H12017


BankofChina 1 3.715 26,157 217 6 2.583 1.132



Citi 4 3.120 21,968 175 3 3.514 -0.394

MorganStanley 5 3.083 21,708 302 1 3.878 -0.795

HSBC 6 2.923 20,582 227 2 3.568 -0.645





Nomura 11 2.048 14,418 224 8 2.431 -0.383



JPMorgan 14 1.851 13,033 109 5 2.683 -0.832


IndustrialBank 16 1.830 12,883 139 34 1.010 0.820



UBS 19 1.725 12,145 97 13 2.035 -0.310


TOTAL 100% 704,111 3,630 100%



APACex-JapanBondsH12018 H12017


BankofChina 1 4.219 26,112 215 3 3.028 1.191



HSBC 4 3.292 20,377 224 1 3.916 -0.624


Citi 6 2.917 18,056 156 2 3.513 -0.596





IndustrialBank 11 2.081 12,883 139 29 1.184 0.897



UBS 14 1.922 11,899 95 8 2.385 -0.463


ChinaCiticBank 16 1.805 11,172 125 22 1.525 0.280

JPMorgan 17 1.689 10,453 96 10 2.289 -0.600




TOTAL 100% 618,953 3,173 100%

AsiaLocalCurrencyBondsH12018 H12017




BankofChina 3 4.228 22,041 132 9 2.728 1.500





IndustrialBank 8 2.726 14,208 130 13 2.233 0.493



Nomura 11 2.558 13,333 248 4 3.325 -0.767

MorganStanley 12 2.452 12,784 225 3 3.570 -1.118


HSBC 14 2.382 12,417 179 20 1.598 0.784





ChinaCiticBank 19 2.101 10,954 97 18 1.677 0.424


TOTAL 100% 521,299 3,761 100%

ASEANLocalCurrencyBondsH12018 H12017


CIMB 1 9.664 3,544 101 1 14.157 -4.493

Maybank 2 6.822 2,502 71 4 5.591 1.231

DBSGroup 3 6.654 2,440 71 2 7.764 -1.110

AmInvestmentBankBhd 4 6.409 2,350 92 3 5.609 0.800

KasikornbankPCL 5 6.156 2,258 51 7 5.190 0.966

RHB 6 6.004 2,202 71 9 4.166 1.838

BankofAyudhyaPCL 7 5.500 2,017 29 11 3.836 1.664

Oversea-ChineseBankingCorp 8 5.385 1,975 33 8 4.945 0.440

SiamCommercialBankPCL 9 4.534 1,663 30 10 3.997 0.537

UnitedOverseasBank 10 4.026 1,476 42 12 3.074 0.952

KrungThaiBank 11 3.621 1,328 35 5 5.535 -1.914

BangkokBankPCL 12 3.488 1,279 39 6 5.224 -1.736

ThanachartCapitalPCL 13 2.279 836 14 50 0.209 2.070

IndoPremierSecurities 14 2.130 781 78 17 1.535 0.595

HSBC 15 2.115 776 12 15 1.887 0.228

PhatraSecuritiesPCL 16 1.840 675 16 19 1.501 0.339

ChinaBankingCapitalCorp 17 1.673 613 13 26 0.893 0.780

TiscoBankPCL 18 1.538 564 4 24 0.960 0.578

DanareksaSekuritasPT 19 1.530 561 48 16 1.750 -0.220

StandardCharteredBank 20 1.494 548 14 13 2.157 -0.663

TOTAL 100% 36,671 534 100%

OffshoreChinaBondsH12018 H12017


BankofChina 1 7.644 6,476 98 1 7.345 0.299

HSBC 2 5.375 4,554 76 2 6.690 -1.315


GoldmanSachs 4 3.471 2,941 32 16 2.431 1.040


CreditSuisse 6 3.229 2,735 37 7 3.773 -0.544




Citi 10 2.882 2,442 41 10 3.460 -0.578

ChinaCiticBank 11 2.878 2,439 47 12 2.931 -0.053

BNPParibas 12 2.688 2,278 32 17 2.305 0.383

MorganStanley 13 2.645 2,241 36 5 4.028 -1.383

JPMorgan 14 2.522 2,137 21 15 2.618 -0.096



UBS 17 2.179 1,846 32 14 2.843 -0.664

Barclays 18 2.057 1,743 24 19 1.927 0.130

DBSGroup 19 2.033 1,723 32 13 2.882 -0.849

DeutscheBank 20 2.019 1,710 28 11 3.117 -1.098

TOTAL 100% 84,727 204 100%



AsiaPacificEquity

APACEquity,EquityLinked&Rights

H12018 H12017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

MorganStanley 1 8.923 10,887 47 1 7.372 1.551

Citi 2 8.502 10,374 52 4 4.344 4.158

GoldmanSachs 3 8.144 9,936 33 2 6.255 1.889

ChinaInternationalCapitalCorp

4 5.035 6,143 14 12 2.389 2.646


UBS 6 4.186 5,108 30 3 4.537 -0.351

CreditSuisse 7 3.768 4,597 33 18 1.423 2.345

JPMorgan 8 3.717 4,535 27 9 2.883 0.834



Nomura 11 2.569 3,134 54 5 3.977 -1.408

CITICSecuritiesCoLtd 12 2.462 3,004 19 8 3.303 -0.841

DaiwaSecurities 13 2.281 2,783 26 16 1.789 0.492

DeutscheBank 14 2.200 2,685 19 14 1.979 0.221




HuataiSecuritiesCoLtd 18 1.338 1,633 10 63 0.304 1.034

HSBC 19 1.291 1,576 12 25 1.007 0.284


TOTAL 100% 122,013 1,105 100%

Thistableconsistsofequity,equity-linkedandrightsofferingsissuedbyAsiaPacificissuers.Thisexcludesbondswithwarrants,creditlinkednotes,privateplacements,reverseconvertibles,andself-ledofferings.Thereisaminimumthresholdof12monthminimumcall,put&maturityperiods.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials29%

Technology22%

ConsumerDiscretionary10%

Industrials8%

Materials7%

Energy6%

Communications6%

HealthCare6%

Others5%

APACEquity,EquityLinked&Rights:ManagerRankingsHistory

APACEquity,EquityLinked&Rights:IndustryBreakdown

29%

22%10%

8%

7%

6%

6%

6%

5%

Morga

nStan

ley Citi

Goldm

anSachs

China

InternationalCapitalCorp

BankofAme

ricaM

errillLynch

UBS

5

10

Marke

tSha

re(%

)

0

15

2018 2017 2016



APACEquity&EquityLinkedH12018 H12017


Citi 1 9.401 10,374 52 3 4.342 5.059

MorganStanley 2 8.969 9,898 46 1 7.984 0.985

GoldmanSachs 3 8.785 9,695 32 2 6.532 2.253



CreditSuisse 6 3.893 4,296 32 21 1.244 2.649

JPMorgan 7 3.630 4,005 24 10 3.001 0.629

UBS 8 3.383 3,733 26 8 3.374 0.009



Nomura 11 2.840 3,134 54 4 4.307 -1.467




DeutscheBank 15 1.912 2,110 16 13 2.144 -0.232


HSBC 17 1.428 1,576 12 29 0.826 0.602




TOTAL 100% 110,348 1,035 100%

APACEquityOfferingsH12018 H12017


Citi 1 10.849 9,504 48 3 4.757 6.092

MorganStanley 2 10.777 9,441 42 1 7.580 3.197

GoldmanSachs 3 7.075 6,198 26 2 5.910 1.165



UBS 6 3.750 3,285 24 9 2.649 1.101

JPMorgan 7 3.591 3,146 21 7 2.850 0.741


CreditSuisse 9 3.033 2,657 24 21 1.432 1.601



Nomura 12 2.484 2,176 46 6 3.686 -1.202



HSBC 15 1.460 1,279 9 27 0.951 0.509

ChinaSecuritiesCoLtd 16 1.310 1,147 8 16 1.740 -0.430

DaishinSecurities 17 1.309 1,147 7 143 0.055 1.254

DeutscheBank 18 1.301 1,140 12 10 2.398 -1.097

GuotaiJunanSecurities 19 1.089 954 12 20 1.561 -0.472

HaitongSecuritiesCoLtd 20 0.977 856 12 14 2.014 -1.037

TOTAL 100% 87,606 942 100%

APACEquityLinkedH12018 H12017


GoldmanSachs 1 15.376 3,497 6 2 10.664 4.712


CreditSuisse 3 7.207 1,639 8 - - 7.207

DeutscheBank 4 4.268 971 4 24 0.454 3.814

Nomura 5 4.213 958 8 5 8.425 -4.212

CITICSecuritiesCoLtd 6 4.193 953 2 1 12.000 -7.807

Citi 7 3.823 869 4 15 1.586 2.237

JPMorgan 8 3.778 859 3 9 4.007 -0.229

ChinaInternationalCapitalCorp 9 3.454 786 3 4 8.960 -5.506

BankofChina 10 3.206 729 2 14 2.085 1.121

HaitongSecuritiesCoLtd 11 2.843 647 4 - - 2.843

BNPParibas 12 2.826 643 2 - - 2.826

SumitomoMitsuiFinancial 13 2.332 530 3 26 0.240 2.092

ChinaMerchantsSecurities 14 2.238 509 2 - - 2.238

DaiwaSecurities 15 2.220 505 3 21 0.800 1.420

MorganStanley 16 2.006 456 4 2 10.664 -8.658

ChinaGalaxyFinancialHoldingsCoLtd 17 1.994 453 1 - - 1.994

BankofAmericaMerrillLynch 18 1.967 447 2 - - 1.967

UBS 18 1.967 447 2 6 8.188 -6.221

FubonSecuritiesCo 20 1.955 445 9 10 3.168 -1.213

TOTAL 100% 22,741 93 100%

APACex-JapanEquity,EquityLinked&RightsH12018 H12017


GoldmanSachs 1 9.234 9,724 31 1 6.112 3.122

Citi 2 9.196 9,684 48 3 5.343 3.853

MorganStanley 3 8.500 8,951 29 2 5.757 2.743



UBS 6 4.616 4,861 28 4 4.563 0.053

CreditSuisse 7 4.223 4,447 32 14 1.713 2.510


JPMorgan 9 3.516 3,702 23 12 1.986 1.530


DeutscheBank 11 2.438 2,567 17 11 2.094 0.344




HSBC 15 1.496 1,576 12 21 1.247 0.249



KotakMahindraBankLtd 18 1.072 1,129 10 36 0.680 0.392

GuosenSecuritiesCoLtd 19 1.050 1,106 2 16 1.598 -0.548

StateBankofIndia 20 1.016 1,070 10 34 0.702 0.314

TOTAL 100% 105,306 981 100%



APACex-JapanEquity,EQL&Rightsex-CHAShrsH12018 H12017


Citi 1 11.844 9,550 47 3 6.851 4.993

MorganStanley 2 11.100 8,951 29 2 6.877 4.223

GoldmanSachs 3 10.080 8,128 23 1 7.476 2.604


UBS 5 5.944 4,793 27 4 5.213 0.731

CreditSuisse 6 5.514 4,447 32 8 2.503 3.011

JPMorgan 7 4.591 3,702 23 7 2.708 1.883

DeutscheBank 8 2.931 2,364 15 9 2.380 0.551

HSBC 9 1.954 1,576 12 12 1.823 0.131

HaitongSecuritiesCoLtd 10 1.732 1,397 12 13 1.696 0.036





AxisBankLtd 15 1.301 1,049 10 40 0.754 0.547

ICICI 16 1.193 962 10 10 2.109 -0.916

Macquarie 17 1.160 935 9 6 3.372 -2.212

BNPParibas 18 1.144 922 6 37 0.779 0.365

BangkokBankPCL 19 1.055 851 9 24 1.105 -0.050

ChinaMerchantsBank 20 0.882 711 7 31 0.920 -0.038

TOTAL 100% 80,635 887 100%

APACex-JapanEquity&EquityLinkedH12018 H12017


Citi 1 10.341 9,684 48 3 5.445 4.896

GoldmanSachs 2 10.126 9,482 30 1 6.447 3.679

MorganStanley 3 8.501 7,961 28 2 6.360 2.141



CreditSuisse 6 4.426 4,145 31 19 1.517 2.909

UBS 7 3.722 3,486 24 7 3.096 0.626


JPMorgan 9 3.388 3,173 20 12 2.042 1.346


DeutscheBank 11 2.128 1,993 14 9 2.314 -0.186


HSBC 13 1.682 1,576 12 25 1.044 0.638





BankofChina 18 0.943 883 5 24 1.113 -0.170

BNPParibas 19 0.916 858 5 59 0.350 0.566

ChinaMerchantsBank 20 0.760 711 7 38 0.695 0.065

TOTAL 100% 93,641 911 100%

APACex-JapanEquityOfferingsH12018 H12017


Citi 1 12.045 8,814 44 3 5.889 6.156

MorganStanley 2 10.442 7,642 26 2 5.975 4.467

GoldmanSachs 3 8.383 6,135 25 1 6.074 2.309



UBS 6 4.152 3,038 22 15 1.980 2.172

CreditSuisse 7 3.424 2,506 23 19 1.724 1.700

JPMorgan 8 3.161 2,313 17 9 2.320 0.841



HSBC 11 1.748 1,279 9 23 1.186 0.562

ChinaSecuritiesCoLtd 12 1.568 1,147 8 11 2.170 -0.602


DeutscheBank 14 1.397 1,022 10 7 2.543 -1.146

GuotaiJunanSecurities 15 1.304 954 12 16 1.946 -0.642

HaitongSecuritiesCoLtd 16 1.170 856 12 8 2.512 -1.342

ChinaMerchantsSecurities 17 1.130 827 7 12 2.145 -1.015


StateBankofIndia 19 0.931 681 9 48 0.583 0.348

GuosenSecuritiesCoLtd 20 0.915 670 1 14 2.006 -1.091

TOTAL 100% 73,180 830 100%

APACex-JapanEquityLinkedH12018 H12017


GoldmanSachs 1 16.048 3,347 5 4 9.181 6.867


CreditSuisse 3 7.859 1,639 8 - - 7.859

DeutscheBank 4 4.654 971 4 20 0.626 4.028

CITICSecuritiesCoLtd 5 4.572 953 2 1 16.551 -11.979

Citi 6 4.169 869 4 12 2.188 1.981

JPMorgan 7 4.120 859 3 - - 4.120

ChinaInternationalCapitalCorp 8 3.766 786 3 2 12.357 -8.591

BankofChina 9 3.496 729 2 11 2.875 0.621

HaitongSecuritiesCoLtd 10 3.100 647 4 - - 3.100

BNPParibas 11 3.081 643 2 - - 3.081

ChinaMerchantsSecurities 12 2.440 509 2 - - 2.440

ChinaGalaxyFinancialHoldingsCoLtd 13 2.175 453 1 - - 2.175


UBS 14 2.145 447 2 3 11.292 -9.147

FubonSecuritiesCo 16 2.132 445 9 7 4.369 -2.237

ChangjiangSecuritiesCoLtd 17 1.893 395 1 - - 1.893

GuotaiJunanSecurities 17 1.893 395 1 - - 1.893

MinshengSecuritiesCoLtd 19 1.829 382 1 - - 1.829

ZhongtaiSecuritiesCoLtd 20 1.664 347 1 - - 1.664

TOTAL 100% 20,855 81 100%



Asiaex-JapanEquity,EquityLinked&RightsH12018 H12017


GoldmanSachs 1 9.839 9,563 29 2 6.170 3.669

Citi 2 9.364 9,101 42 3 5.590 3.774

MorganStanley 3 8.173 7,943 27 1 6.237 1.936



CreditSuisse 6 4.398 4,274 30 16 1.618 2.780


JPMorgan 8 3.145 3,056 18 10 2.152 0.993


UBS 10 3.038 2,953 20 8 2.986 0.052

DeutscheBank 11 2.156 2,096 15 11 2.087 0.069




HSBC 15 1.621 1,576 12 20 1.351 0.270




GuosenSecuritiesCoLtd 19 1.138 1,106 2 14 1.731 -0.593


TOTAL 100% 97,192 732 100%

Asiaex-JapanEquity,EQL&Rightsex-CHASharesH12018 H12017


Citi 1 12.365 8,968 41 3 7.417 4.948

GoldmanSachs 2 10.987 7,968 21 2 7.738 3.249

MorganStanley 3 10.953 7,943 27 1 7.748 3.205


CreditSuisse 5 5.894 4,274 30 7 2.460 3.434

JPMorgan 6 4.214 3,056 18 5 3.051 1.163

UBS 7 3.978 2,885 19 6 2.899 1.079

DeutscheBank 8 2.609 1,892 13 8 2.406 0.203

HSBC 9 2.172 1,576 12 11 2.053 0.119

HaitongSecuritiesCoLtd 10 1.926 1,397 12 12 1.911 0.015





AxisBankLtd 15 1.447 1,049 10 39 0.850 0.597

ICICI 16 1.326 962 10 9 2.376 -1.050

BNPParibas 17 1.272 922 6 36 0.878 0.394

BangkokBankPCL 18 1.173 851 9 23 1.245 -0.072


Maybank 20 0.948 688 9 35 0.899 0.049

TOTAL 100% 72,522 638 100%

Asiaex-JapanEquity&EquityLinkedH12018 H12017


GoldmanSachs 1 10.466 9,321 28 2 6.337 4.129

Citi 2 10.218 9,101 42 3 5.549 4.669

MorganStanley 3 8.919 7,943 27 1 6.732 2.187



CreditSuisse 6 4.460 3,973 29 19 1.423 3.037



JPMorgan 9 3.160 2,814 17 12 2.162 0.998

UBS 10 2.998 2,670 19 8 2.900 0.098

DeutscheBank 11 1.929 1,718 13 10 2.253 -0.324


HSBC 13 1.769 1,576 12 24 1.105 0.664





BankofChina 18 0.992 883 5 23 1.178 -0.186

BNPParibas 19 0.963 858 5 58 0.370 0.593


TOTAL 100% 89,064 697 100%

ASEANEquity,EquityLinked&RightsH12018 H12017


CreditSuisse 1 10.087 1,400 11 7 4.331 5.756

MorganStanley 2 7.921 1,100 6 24 1.119 6.802

DeutscheBank 3 7.042 978 5 25 1.010 6.032

BangkokBankPCL 4 6.127 851 9 2 7.589 -1.462

GoldmanSachs 5 5.884 817 2 13 2.776 3.108

Citi 6 5.538 769 10 8 4.158 1.380

Maybank 7 4.954 688 9 6 5.483 -0.529

SiamCommercialBankPCL 8 4.446 617 4 4 5.805 -1.359

DBSGroup 9 4.129 573 11 5 5.671 -1.542

HSBC 10 4.106 570 5 11 3.035 1.071

BankofPhilippineIslands 11 4.006 556 3 45 0.351 3.655

VietCapitalSecuritiesJSC 12 3.540 492 2 36 0.574 2.966

JPMorgan 13 3.287 456 3 17 1.956 1.331

UBS 14 3.132 435 2 1 8.913 -5.781

FirstMetroInvestmentCorp 15 2.233 310 2 27 0.969 1.264

KrungThaiBank 16 2.173 302 1 26 0.998 1.175


PhatraSecuritiesPCL 18 1.824 253 2 33 0.637 1.187

SaigonSecuritiesInc 19 1.438 200 1 - - 1.438

CIMB 20 1.423 198 4 3 6.082 -4.659

TOTAL 100% 13,882 156 100%



AsiaPacificSyndicatedLoans

APACex-JapanLoans(MandatedLeadArranger)

H12018 H12017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BankofChina 1 14.187 30,596 194 1 13.144 1.043

HSBC 2 4.056 8,748 73 3 4.134 -0.078


MitsubishiUFJFinancialGroupInc

4 3.423 7,382 67 8 2.611 0.812

KBFinancialGroupInc 5 3.239 6,986 19 15 1.972 1.267

DBSGroup 6 3.237 6,980 65 5 2.963 0.274





ChinaCiticBank 11 2.380 5,133 8 31 0.816 1.564



Industrial&CommBankofChina

14 2.214 4,775 37 12 2.257 -0.043


NationalAustraliaBankLtd 16 1.676 3,614 36 25 1.265 0.411

CommonwealthBankAustralia 17 1.610 3,473 38 16 1.866 -0.256

BNPParibas 18 1.528 3,296 37 22 1.555 -0.027

WestpacBanking 19 1.422 3,066 31 23 1.487 -0.065

AgriculturalBankofChina 20 1.403 3,025 14 19 1.712 -0.309

TOTAL 100% 215,657 594 100%

ThistableconsistsofloanswithamarketofsyndicationintheAPACex-Japanregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials37%

ConsumerDiscretionary15%

Industrials13%

Energy12%

Materials9%

Others13%

APACex-JapanLoans:MandatedLeadArrangerRankingsHistory

APACex-JapanLoans(MandatedLeadArranger):IndustryBreakdown

37%

15%13%

12%

9%

13%

BankofChin

a

HSBC

ANZB

ankin

gGrou

p

Mitsu

bishiUFJF

inancialGrou

pInc

KBFinancialGrou

pInc

DBSGroup

5

10

15

Marke

tSha

re(%

)

0

20

2018 2017 2016



APACex-JapanLoans(Bookrunner)H12018 H12017


BankofChina 1 16.680 27,523 145 1 14.915 1.765

ANZBankingGroup 2 5.139 8,480 46 3 4.274 0.865

HSBC 3 4.674 7,712 37 4 3.863 0.811


StandardCharteredBank 5 3.846 6,346 37 5 3.567 0.279

ChinaCiticBank 6 2.931 4,836 5 64 0.239 2.692




DBSGroup 10 2.354 3,884 31 14 1.916 0.438


MegaFinancialHoldingCoLtd 12 2.058 3,395 21 33 0.779 1.279


BNPParibas 14 2.021 3,335 24 19 1.594 0.427



ShinhanFinancialGroupCoLtd 17 1.600 2,641 24 59 0.347 1.253

WestpacBanking 18 1.454 2,399 17 21 1.386 0.068



TOTAL 100% 165,005 472 100%

APACex-JapanLoans(MandatedLeadArranger)H12018 H12017


BankofChina 1 14.187 30,596 194 1 13.144 1.043

HSBC 2 4.056 8,748 73 3 4.134 -0.078




DBSGroup 6 3.237 6,980 65 5 2.963 0.274





ChinaCiticBank 11 2.380 5,133 8 31 0.816 1.564







BNPParibas 18 1.528 3,296 37 22 1.555 -0.027

WestpacBanking 19 1.422 3,066 31 23 1.487 -0.065


TOTAL 100% 215,657 594 100%

APACex-JapanG3CurrencyLoans(Bookrunner)H12018 H12017



HSBC 2 7.050 3,939 18 1 6.869 0.181



ANZBankingGroup 5 4.774 2,667 20 5 4.636 0.138


BNPParibas 7 4.175 2,333 14 9 3.554 0.621


DBSGroup 9 3.006 1,680 14 6 4.585 -1.579

BankofChina 10 2.547 1,423 11 3 5.775 -3.228


DeutscheBank 12 2.417 1,350 4 34 1.127 1.290

Citi 13 2.246 1,255 7 7 3.668 -1.422


INGGroep 15 2.148 1,200 10 12 2.100 0.048

FubonFinancialHoldingCoLtd 16 2.033 1,136 11 17 1.597 0.436


FirstAbuDhabiBankPJSC 18 1.951 1,090 7 28 1.228 0.723

CreditAgricoleCIB 19 1.608 898 5 11 2.153 -0.545

BankofTaiwan 20 1.493 834 6 43 0.607 0.886

TOTAL 100% 55,873 121 100%

APACex-JapanG3CurrencyLoans(MandatedLeadArranger)H12018 H12017



BankofChina 2 4.682 3,280 32 1 5.775 -1.093

DBSGroup 3 4.633 3,246 26 6 3.681 0.952

HSBC 4 4.323 3,029 31 2 5.311 -0.988








BNPParibas 12 2.620 1,836 21 10 3.053 -0.433

INGGroep 13 2.092 1,466 16 16 2.009 0.083

SocieteGenerale 14 2.048 1,435 13 25 1.245 0.803

ChinaMerchantsBank 15 2.035 1,426 9 15 2.273 -0.238



Natixis 18 1.862 1,305 9 46 0.563 1.299



TOTAL 100% 70,068 154 100%



APACex-JapanLeveragedLoans(Bookrunner)H12018 H12017


KBFinancialGroupInc 1 12.764 1,063 4 - - 12.764

NHInvestment&SecuritiesCoLtd 2 8.286 690 4 11 3.082 5.204

GoldmanSachs 3 7.670 639 3 9 4.056 3.614

ANZBankingGroup 4 7.455 621 4 17 2.307 5.148

MiraeAssetDaewooCoLtd 5 6.397 533 2 2 10.262 -3.865


CreditAgricoleCIB 7 4.637 386 3 - - 4.637

ShinhanFinancialGroupCoLtd 8 4.451 371 3 - - 4.451

BankofChina 9 4.227 352 1 - - 4.227

Industrial&CommBankofChina 9 4.227 352 1 - - 4.227

UnitedOverseasBank 9 4.227 352 1 - - 4.227

INGGroep 12 4.162 347 3 - - 4.162

SamsungSecuritiesCoLtd 13 3.461 288 1 11 3.082 0.379

KBSecuritiesCoLtd 14 2.935 245 1 29 0.451 2.484

KoreaInvestment&SecuritiesCo 14 2.935 245 1 - - 2.935

WooriBank 14 2.935 245 1 3 7.180 -4.245

BNPParibas 17 2.535 211 1 - - 2.535

HSBC 18 2.102 175 2 22 1.749 0.353

HanaFinancialGroupInc 19 1.338 111 1 - - 1.338

HanwhaLifeInsuranceCoLtd 19 1.338 111 1 - - 1.338

TOTAL 100% 8,329 21 100%

APACex-JapanLeveragedLoans(MandatedLeadArranger)H12018 H12017


KBFinancialGroupInc 1 8.501 1,063 4 - - 8.501

ChinaConstructionBank 2 7.839 980 3 - - 7.839

Industrial&CommBankofChina 2 7.839 980 3 - - 7.839

ChinaMinshengBankingCorpLtd 4 7.062 883 3 32 0.653 6.409


NHInvestment&SecuritiesCoLtd 6 5.518 690 4 13 2.195 3.323

GoldmanSachs 7 5.289 661 4 15 2.167 3.122

MiraeAssetDaewooCoLtd 8 4.422 553 3 4 6.031 -1.609


ShinhanFinancialGroupCoLtd 10 3.162 396 4 - - 3.162

KBSecuritiesCoLtd 11 3.106 388 2 27 0.993 2.113

SamsungSecuritiesCoLtd 12 2.305 288 1 13 2.195 0.110

HanaFinancialGroupInc 13 2.230 279 3 6 3.388 -1.158

KoreaInvestment&SecuritiesCo 14 2.052 257 2 - - 2.052

WooriBank 14 2.052 257 2 5 3.836 -1.784

HSBC 16 1.987 249 3 29 0.934 1.053

BankofChina 17 1.674 209 3 2 12.101 -10.427

CreditAgricoleCIB 18 1.365 171 3 - - 1.365

CTBCFinancialHoldingCoLtd 19 1.343 168 2 1 15.467 -14.124


TOTAL 100% 12,506 31 100%

APACProjectFinanceLoans(Bookrunner)H12018 H12017



ChinaDevelopmentBank 2 11.909 3,896 1 - - 11.909

BankofChina 3 11.683 3,822 10 1 25.084 -13.401


HSBC 5 6.796 2,223 3 - - 6.796


StandardCharteredBank 7 6.114 2,000 2 - - 6.114

UnitedOverseasBank 7 6.114 2,000 2 - - 6.114

BankMandiri 9 2.406 787 2 - - 2.406


AxisBankLtd 11 2.215 725 4 5 4.852 -2.637

YesBank 12 2.012 658 5 12 1.563 0.449

MitsubishiUFJFinancialGroupInc 13 1.982 648 3 26 0.551 1.431

CreditAgricoleCIB 14 1.980 648 1 21 0.918 1.062

WestpacBanking 14 1.980 648 1 15 1.281 0.699

NationalAustraliaBankLtd 16 1.965 643 3 32 0.448 1.517

L&TFinancialServices 17 1.747 571 8 14 1.394 0.353

MegaFinancialHoldingCoLtd 18 1.318 431 1 49 0.043 1.275

INGGroep 19 1.072 351 2 32 0.448 0.624


Industrial&CommBankofChina 20 1.013 331 1 3 7.292 -6.279

TOTAL 100% 32,711 54 100%

APACProjectFinanceLoans(MandatedLeadArranger)H12018 H12017




BankofChina 3 8.645 4,008 17 1 21.407 -12.762





HSBC 8 4.003 1,856 9 20 1.143 2.860


DBSGroup 10 3.133 1,453 6 35 0.562 2.571




L&TFinancialServices 14 1.621 752 11 26 0.952 0.669

AxisBankLtd 15 1.563 725 4 5 3.313 -1.750

CommonwealthBankAustralia 16 1.520 705 10 17 1.313 0.207

WestpacBanking 17 1.494 693 9 15 1.689 -0.195

SocieteGenerale 18 1.491 691 9 27 0.892 0.599

YesBank 19 1.420 658 5 25 0.987 0.433

NationalAustraliaBankLtd 20 1.358 629 9 28 0.854 0.504

TOTAL 100% 46,361 88 100%



Asiaex-JapanLoans(Bookrunner)H12018 H12017


BankofChina 1 19.478 26,417 141 1 16.435 3.043



HSBC 4 3.810 5,168 23 5 3.322 0.488

ChinaCiticBank 5 3.566 4,836 5 63 0.276 3.290


DBSGroup 7 2.708 3,673 30 13 2.032 0.676










BNPParibas 17 1.647 2,234 19 18 1.454 0.193

Maybank 18 1.442 1,956 13 15 1.966 -0.524

BankofTaiwan 19 1.369 1,856 17 22 1.026 0.343

FubonFinancialHoldingCoLtd 20 1.337 1,813 18 21 1.350 -0.013

TOTAL 100% 135,624 408 100%

Asiaex-JapanLoans(MandatedLeadArranger)H12018 H12017


BankofChina 1 16.148 28,174 177 1 14.671 1.477


DBSGroup 3 3.662 6,389 59 4 3.252 0.410

HSBC 4 3.609 6,297 56 3 4.093 -0.484





ChinaCiticBank 9 2.942 5,133 8 26 0.964 1.978









BNPParibas 18 1.333 2,325 29 20 1.545 -0.212

Maybank 19 1.205 2,103 20 25 1.035 0.170


TOTAL 100% 174,473 503 100%

NorthAsiaLoans(Bookrunner)H12018 H12017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount PrevRank PrevMktShare(%) MktShareChg(%)

BankofChina 1 26.469 26,342 140 1 25.167 1.302


ChinaCiticBank 3 4.860 4,836 5 41 0.431 4.429



HSBC 6 2.913 2,899 18 4 4.109 -1.196






BankofTaiwan 12 1.865 1,856 17 16 1.603 0.262

FubonFinancialHoldingCoLtd 13 1.822 1,813 18 12 2.077 -0.255

WooriBank 14 1.551 1,543 7 60 0.253 1.298


BankofAmericaMerrillLynch 16 1.444 1,437 3 - - 1.444

BNPParibas 17 1.444 1,437 9 15 1.665 -0.221

TaiwanCooperativeFinancialHoldingCoLtd

18 1.330 1,324 15 19 1.350 -0.020


IndustrialBankofKorea 20 1.125 1,119 1 35 0.539 0.586

TOTAL 100% 99,518 305 100%

NorthAsiaLoans(MandatedLeadArranger)H12018 H12017


BankofChina 1 21.688 26,647 163 1 21.446 0.242



ChinaCiticBank 4 4.178 5,133 8 18 1.466 2.712

HSBC 5 3.599 4,422 41 2 4.669 -1.070






DBSGroup 11 1.950 2,396 28 11 2.465 -0.515




BankofEastAsiaLtd 15 1.417 1,742 16 20 1.310 0.107

WooriBank 16 1.383 1,699 9 69 0.166 1.217


BNPParibas 18 1.300 1,598 14 16 1.575 -0.275


FubonFinancialHoldingCoLtd 20 1.220 1,499 21 25 1.157 0.063

TOTAL 100% 122,868 356 100%



ASEANLoans(Bookrunner)H12018 H12017




DBSGroup 3 8.693 2,581 17 2 7.575 1.118


HSBC 5 7.108 2,110 3 12 2.940 4.168

Maybank 6 6.387 1,896 9 1 12.368 -5.981


BDOCapital&InvestmentCorp 8 4.739 1,407 1 25 1.389 3.350


BankMandiri 10 3.497 1,038 5 6 3.944 -0.447

INGGroep 11 3.199 950 8 26 1.333 1.866

CIMB 12 2.973 883 8 10 3.380 -0.407

BNPParibas 13 2.683 797 10 27 1.264 1.419

MitsubishiUFJFinancialGroupInc 14 2.555 759 8 5 4.872 -2.317

FirstAbuDhabiBankPJSC 15 1.451 431 2 31 0.900 0.551

ANZBankingGroup 16 1.404 417 6 9 3.383 -1.979

CTBCFinancialHoldingCoLtd 17 1.318 391 3 19 1.906 -0.588

CreditAgricoleCIB 18 1.249 371 3 47 0.193 1.056

BankCentralAsia 19 1.101 327 4 21 1.677 -0.576

Rabobank 20 1.083 322 4 23 1.433 -0.350

TOTAL 100% 29,686 56 100%

ASEANLoans(MandatedLeadArranger)H12018 H12017



DBSGroup 2 9.656 3,849 29 3 7.961 1.695


UnitedOverseasBank 4 7.177 2,861 12 2 8.009 -0.832



Maybank 7 5.045 2,011 15 6 4.612 0.433


BankofChina 9 3.657 1,458 13 11 2.540 1.117

HSBC 10 3.640 1,451 10 7 4.451 -0.811

CIMB 11 3.581 1,427 12 24 0.986 2.595

BDOCapital&InvestmentCorp 12 3.530 1,407 1 25 0.938 2.592

ChinaConstructionBank 13 2.465 983 5 16 1.641 0.824

BankMandiri 14 1.778 709 6 15 1.857 -0.079

BNPParibas 15 1.606 640 14 14 1.969 -0.363

INGGroep 16 1.461 582 11 27 0.829 0.632

BangkokBankPCL 17 1.302 519 3 39 0.436 0.866

ANZBankingGroup 18 1.194 476 9 12 2.505 -1.311

BankCentralAsia 19 0.820 327 4 26 0.898 -0.078

SocieteGenerale 20 0.782 312 6 38 0.450 0.332

TOTAL 100% 39,856 82 100%

Bloomberg – League Tables Criteria

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

General Guidelines

Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/incorporation.

Fixed Income

All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self-led transactions are included. New money portions of exchange offers are eligible for credit.

Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.

Equities-Linked

Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.

Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.

Equities

Equity market transactions: Initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.

Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.

Bloomberg – League Tables Criteria

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

Loans

Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of security.

Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities.

US Municipals

Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.

Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.

All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.

Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.

Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.

The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on

LEAG<GO>.

asia pacific capital markets - … · citi 2 6.793 6,914 70 3 7.243 -0.450 bank of china 3 4.994...

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