thailand capital markets - data.bloomberglp.com · bloomberg preliminary thailand capital markets |...

THAILANDCAPITALMARKETSLEAGUE TABLESQ1 2019 PreliminaryAs of 22 March 2019

The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions; according to Bloomberg standards.

LEAG<GO> for a full range of league tables

MA<GO> for a full range of merger & acquisition tables

NI LEAG CRL<GO> or http://www.bloomberg.com/ for a full range of market-specific league table publications

Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.

MANAGER RANKINGS

THAILAND CAPITAL MARKETS

DATA SUBMISSIONS AND QUERIES

Equities

Fixed Income

Loans

Contact EmailPhone

Q1 2019 PRELIMINARY AS OF 22 MARCH 2019

© 2019 Bloomberg Finance L.P. All rights reserved.

Zhen Hao Toh

Jennifer Passos/ William Hau

Dave Lin

+65 6499 2931

+65 6231 9677 / +852 2977 4617

+852 2974 3196

[email protected]

[email protected]

[email protected]

http://www.bloomberg.com/

Bloomberg PreliminaryThailandCapitalMarkets|Q12019

BloombergLeagueTableReports Page1

ASEANLocalCurrencyBonds

Q12019 Q12018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Maybank 1 14.249 2,508 59 8 5.239 9.010

CIMB 2 10.012 1,762 77 2 9.685 0.327

UnitedOverseasBank 3 7.873 1,385 19 5 6.191 1.682

DBSGroup 4 7.171 1,262 44 1 11.826 -4.655

BangkokBankPCL 5 6.539 1,151 37 18 1.566 4.973

StandardCharteredBank 6 6.085 1,071 7 16 1.774 4.311

KasikornbankPCL 7 5.729 1,008 33 11 4.094 1.635

KrungThaiBank 8 5.196 914 27 12 2.574 2.622

SiamCommercialBankPCL 9 4.791 843 24 9 4.365 0.426

Oversea-ChineseBankingCorp

10 4.637 816 9 6 5.519 -0.882

AmInvestmentBankBhd 11 3.618 637 22 7 5.397 -1.779

BankIslamMalaysiaBerhad 12 2.664 469 8 - - 2.664

RHB 13 2.658 468 35 3 7.728 -5.070

HSBC 14 2.246 395 6 10 4.141 -1.895

PhatraSecuritiesPCL 15 2.139 376 9 20 1.410 0.729

BankofAyudhyaPCL 16 2.117 373 8 4 6.644 -4.527

KenangaInvestmentBankBhd

17 1.581 278 13 14 1.881 -0.300

INGGroep 18 1.261 222 2 37 0.325 0.936

IndoPremierSecurities 19 1.249 220 45 15 1.843 -0.594

MandiriSekuritasPT 20 1.095 193 45 17 1.634 -0.539

TOTAL 100% 17,598 251 100%

Thistableconsistsofdebt&preferredsecuritiesthataredenominatedinASEANlocalcurrencies.Thisexcludesbondswithwarrants,Chinacommercialpaper,andconvertiblesecurities.Thereisaminimumthresholdof12monthsformaturitiesandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials44%

ConsumerStaples15%

Government14%

Utilities9%

Communications9%

Others10%

ASEANLocalCurrencyBonds:ManagerRankingsHistory

ASEANLocalCurrencyBonds:IndustryBreakdown

44%

15%

14%

9%

9%

10%

Maybank

CIMB

UnitedOverseasBank

DBSGroup

BangkokBankPCL

StandardCharteredBank

5

10

MarketShare(%)

0

15

2019 2018 2017



ASEANEquity,EquityLinked&Rights

Q12019 Q12018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

MorganStanley 1 27.834 938 3 4 7.488 20.346

GoldmanSachs 2 23.045 776 1 - - 23.045

CIMB 3 10.257 346 5 10 3.526 6.731

UBS 4 6.654 224 1 14 3.350 3.304

DBSGroup 5 4.421 149 1 17 2.630 1.791

KrungThaiBank 6 4.182 141 1 - - 4.182

JPMorgan 7 3.780 127 1 10 3.526 0.254

DeutscheBank 8 2.648 89 1 20 1.456 1.192

CreditSuisse 9 2.229 75 1 18 2.414 -0.185

BNPParibas 10 1.979 67 1 16 2.772 -0.793

Citi 10 1.979 67 1 15 3.247 -1.268

RHB 12 1.933 65 4 9 4.015 -2.082

Maybank 13 1.808 61 1 3 8.548 -6.740

HongLeongFinancialGroupBhd

14 1.185 40 1 - - 1.185

AmInvestmentBankBhd 15 0.991 33 2 24 0.871 0.120

KasikornbankPCL 16 0.927 31 1 - - 0.927

Head&ShouldersSecuritiesLtd

17 0.474 16 1 - - 0.474

TASecuritiesHoldingsBhd 18 0.433 15 1 33 0.186 0.247

JasaUtamaCapitalPT 19 0.432 15 1 - - 0.432

KenangaInvestmentBankBhd 20 0.385 13 14 34 0.183 0.202

TOTAL 100% 3,368 55 100%

Thistableconsistsofequity&equity-linkedsecuritiesissuedbyASEANissuers.Thisexcludesbondswithwarrants,creditlinkednotes,reverseconvertibles,andself-ledtransactions.Thereisaminimumthresholdsof12monthminimumcall,put&maturityperiods.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Technology40%

Financials26%

Energy19%

ConsumerStaples10%

Others6%

ASEANEquity,EquityLinked&Rights:ManagerRankingsHistory

ASEANEquity,EquityLinked&Rights:IndustryBreakdown

40%

26%

19%

10%

6%

MorganStanley

GoldmanSachs

CIMB UB

S

DBSGroup

KrungThaiBank

10

20

MarketShare(%)

0

30

2019 2018 2017



ASEANLoans(Bookrunner)

Q12019 Q12018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BDOCapital&InvestmentCorp 1 7.931 766 1 - - 7.931

CIMB 2 7.658 740 5 10 2.260 5.398

MitsubishiUFJFinancialGroupInc 3 6.028 582 2 11 2.212 3.816

BankNegaraIndonesia(Persero)TbkPT

4 5.513 533 5 - - 5.513

HSBC 5 5.259 508 2 4 11.820 -6.561

CreditSuisse 6 4.916 475 1 17 0.790 4.126

Maybank 7 4.652 450 4 5 8.350 -3.698

SumitomoMitsuiFinancial 8 4.603 445 2 7 5.963 -1.360

DeutscheBank 9 4.475 432 2 - - 4.475

SocieteGenerale 10 4.468 432 2 - - 4.468

DBSGroup 11 4.329 418 3 8 5.410 -1.081

BankMandiri 12 4.247 410 5 19 0.737 3.510

ANZBankingGroup 13 3.881 375 1 15 1.148 2.733

Barclays 13 3.881 375 1 - - 3.881

FirstAbuDhabiBankPJSC 13 3.881 375 1 - - 3.881

JPMorgan 13 3.881 375 1 - - 3.881

Rabobank 13 3.881 375 1 27 0.105 3.776

SaranaMultiInfrastrukturPerseroPT 18 3.621 350 2 - - 3.621

UnitedOverseasBank 19 3.438 332 1 2 14.510 -11.072

StandardCharteredBank 20 2.838 274 3 1 16.439 -13.601

TOTAL 100% 9,661 21 100%

ThistableconsistsofloanswithamarketofsyndicationintheASEANregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Materials35%

Financials31%

Industrials18%

ConsumerDiscretionary10%

Others5%

ASEANLoans:BookrunnerRankingsHistory

ASEANLoans(Bookrunner):IndustryBreakdown

35%

31%

18%

10%

5%

BDOCapital&InvestmentCorp

CIMB

MitsubishiUFJFinancialGroupInc


HSBC

CreditSuisse

5

10

MarketShare(%)

0

15

2019 2018 2017



ASEANLoans(MandatedLeadArranger)

Q12019 Q12018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DBSGroup 1 9.591 1,374 9 3 10.396 -0.805

CIMB 2 8.225 1,178 10 10 4.264 3.961

Oversea-ChineseBankingCorp 3 5.643 808 8 1 13.760 -8.117

BDOCapital&InvestmentCorp 4 5.350 766 1 - - 5.350


5 4.978 713 8 25 0.402 4.576

Maybank 6 4.693 672 7 7 6.730 -2.037

UnitedOverseasBank 7 4.456 638 4 2 10.826 -6.370

StandardCharteredBank 8 3.916 561 5 6 7.888 -3.972

HSBC 9 3.501 502 2 8 5.938 -2.437

CreditSuisse 10 3.316 475 1 35 0.198 3.118

BankofChina 11 3.080 441 7 11 2.232 0.848

BankMandiri 12 2.697 386 6 20 0.518 2.179

StateBankofIndia 13 2.630 377 3 - - 2.630

SumitomoMitsuiFinancial 14 2.620 375 4 4 10.199 -7.579

BankRakyatIndonesiaPT 15 2.414 346 4 - - 2.414

MitsubishiUFJFinancialGroupInc 16 2.352 337 4 5 8.175 -5.823

FirstAbuDhabiBankPJSC 17 2.302 330 2 46 0.099 2.203

SocieteGenerale 18 2.141 307 2 17 0.651 1.490

DeutscheBank 19 2.128 305 2 - - 2.128

SaranaMultiInfrastrukturPerseroPT 20 2.090 299 2 21 0.476 1.614

TOTAL 100% 14,324 33 100%

ThistableconsistsofloanswithamarketofsyndicationintheASEANregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Materials35%

Financials31%

Industrials18%


Others5%

ASEANLoans:MandatedLeadArrangerRankingsHistory

ASEANLoans(MandatedLeadArranger):IndustryBreakdown

35%

31%

18%

10%

5%

DBSGroup

CIMB

Oversea-ChineseBankingCorp

BDOCapital&InvestmentCorp


Maybank

5

10

MarketShare(%)

0

15

2019 2018 2017



ThailandBonds

Q12019 Q12018

Firm RankMkt

Share(%)Volume(THB

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BangkokBankPCL 1 22.337 43,541 37 6 5.732 16.605


KrungThaiBank 3 16.556 32,271 27 4 9.441 7.115

SiamCommercialBankPCL 4 10.579 20,621 24 2 15.993 -5.414

BankofAyudhyaPCL 5 7.757 15,120 8 1 24.232 -16.475

CIMB 6 7.147 13,931 14 11 2.350 4.797

UnitedOverseasBank 7 4.125 8,040 11 5 6.025 -1.900

PhatraSecuritiesPCL 8 3.677 7,168 9 8 5.159 -1.482

AsiaPlusSecurities 9 1.588 3,095 6 12 2.323 -0.735

GloblexSecuritiesCoLtd 10 1.493 2,909 8 13 1.666 -0.173

GovernmentSavingsBank 11 1.182 2,304 3 10 2.408 -1.226

ThanachartCapitalPCL 12 0.964 1,880 5 9 2.752 -1.788

StandardCharteredBank 13 0.718 1,400 2 - - 0.718

YuantaFinancialHoldingCoLtd 14 0.657 1,281 3 - - 0.657

AECSecuritiesPCL 15 0.546 1,064 6 14 0.508 0.038

UOBKayHianPvtLtd 16 0.407 794 2 16 0.230 0.177

Nomura 17 0.351 684 3 - - 0.351

KTBInvestment&SecuritiesCoLtd

18 0.284 554 3 19 0.076 0.208

KGISecurities 19 0.223 434 2 18 0.146 0.077

KTZMICOSecuritiesCoLtd 20 0.153 298 1 17 0.151 0.002

TOTAL 100% 194,927 79 100%

ThistableconsistsofdebtsecuritiesdenominatedinThaiBaht,withmarkettype"Domestic"or"DomesticMTN".Thisexcludesasset-backedsecurities,bondswithwarrants,convertiblesecurities,andcredit-linkednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

ConsumerStaples43%

Communications18%

Financials16%

Utilities9%


Others10%

ThailandBonds:ManagerRankingsHistory

ThailandBonds:IndustryBreakdown

43%

18%

16%

9%

5%

10%

BangkokBankPCL

KasikornbankPCL

KrungThaiBank

SiamCommercialBankPCL

BankofAyudhyaPCL

CIMB

5

10

15

20

MarketShare(%)

0

25

2019 2018 2017



ThailandCorporates

Q12019 Q12018

Firm RankMkt

Share(%)Volume(THB

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BangkokBankPCL 1 22.686 43,541 37 8 4.544 18.142


KrungThaiBank 3 16.814 32,271 27 4 9.848 6.966

SiamCommercialBankPCL 4 9.181 17,621 23 2 16.682 -7.501

BankofAyudhyaPCL 5 7.878 15,120 8 1 25.275 -17.397

CIMB 6 7.258 13,931 14 9 2.451 4.807

UnitedOverseasBank 7 4.189 8,040 11 5 6.284 -2.095

PhatraSecuritiesPCL 8 3.735 7,168 9 7 5.381 -1.646

AsiaPlusSecurities 9 1.613 3,095 6 10 2.423 -0.810

GloblexSecuritiesCoLtd 10 1.516 2,909 8 11 1.738 -0.222

GovernmentSavingsBank 11 1.201 2,304 3 13 1.076 0.125

ThanachartCapitalPCL 12 0.979 1,880 5 12 1.435 -0.456

StandardCharteredBank 13 0.729 1,400 2 - - 0.729

YuantaFinancialHoldingCoLtd 14 0.668 1,281 3 - - 0.668

AECSecuritiesPCL 15 0.555 1,064 6 14 0.530 0.025

UOBKayHianPvtLtd 16 0.414 794 2 16 0.240 0.174

Nomura 17 0.356 684 3 - - 0.356

KTBInvestment&SecuritiesCoLtd

18 0.289 554 3 19 0.079 0.210

KGISecurities 19 0.226 434 2 18 0.152 0.074

KTZMICOSecuritiesCoLtd 20 0.155 298 1 17 0.158 -0.003

TOTAL 100% 191,927 78 100%

ConsumerStaples44%

Communications18%

Financials16%

Utilities9%

Others13%

ThailandCorporates:ManagerRankingsHistory

ThailandCorporates:IndustryBreakdown

44%

18%

16%

9%

13%

BangkokBankPCL

KasikornbankPCL

KrungThaiBank


BankofAyudhyaPCL

CIMB

5

10

15

20

MarketShare(%)

0

25

2019 2018 2017



ThailandSOEBonds

Q12019 Q12018

Firm RankMkt

Share(%)Volume(THB

Mln)DealCount

PrevRank

PrevMktShare(%) MktShareChg(%)


1 100.000 3,000 1 - - 100.000

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 3,000 1 100%

Government77%


ThailandSOEBonds:ManagerRankingsHistory

ThailandSOEBonds:IndustryBreakdown

77%

23%


MarketShare(%)

0

105

2019 2018 2017



ThailandEquity&RightsOffering

Q12019 Q12018

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

KrungThaiBank 1 74.313 4,468 1 - - 74.313


S14AdvisoryCoLtd 3 4.528 272 1 - - 4.528

AECSecuritiesPCL 4 2.545 153 1 8 1.034 1.511

TrinitySecuritiesCoLtd 5 2.395 144 1 - - 2.395

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 6,011 5 100%

Thistableconsistsofequity&rightsofferingsissuedbyThaiissuers.Thisexcludeslocalmarketsharesalesandself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials74%


Others9%

ThailandEquity&RightsOffering:ManagerRankingsHistory

ThailandEquity&RightsOffering:IndustryBreakdown

74%

16%

9%

KrungThaiBank

KasikornbankPCL

S14AdvisoryCoLtd

AECSecuritiesPCL

TrinitySecuritiesCoLtd

20

40

60

MarketShare(%)

0

75

2019 2018 2017



ThailandEquityOfferings

Q12019 Q12018


KrungThaiBank 1 74.313 4,468 1 - - 74.313


S14AdvisoryCoLtd 3 4.528 272 1 - - 4.528

AECSecuritiesPCL 4 2.545 153 1 7 1.182 1.363


- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 6,011 5 100%

ThistableconsistsofequityofferingsissuedbyThaiissuers.Thisexcludeslocalmarketsharesales,rightsoffering,andself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials74%


Others9%

ThailandEquityOfferings:ManagerRankingsHistory

ThailandEquityOfferings:IndustryBreakdown

74%

16%

9%

KrungThaiBank

KasikornbankPCL

S14AdvisoryCoLtd

AECSecuritiesPCL


20

40

60

MarketShare(%)

0

75

2019 2018 2017



ThailandEquityIPO

Q12019 Q12018


KrungThaiBank 1 74.313 4,468 1 - - 74.313


S14AdvisoryCoLtd 3 4.528 272 1 - - 4.528

AECSecuritiesPCL 4 2.545 153 1 2 27.620 -25.075


- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 6,011 5 100%

ThistableconsistsofInitialPublicOfferingsissuedbyThaiissuers.Thisexcludeslocalmarketsharesales,rightsofferings,andself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials74%


Others9%

ThailandEquityIPO:ManagerRankingsHistory

ThailandEquityIPO:IndustryBreakdown

74%

16%

9%

KrungThaiBank

KasikornbankPCL

S14AdvisoryCoLtd

AECSecuritiesPCL


20

40

60

MarketShare(%)

0

75

2019 2018 2017



ThailandBorrowerLoans(Bookrunner)

Q12019 Q12018

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

SumitomoMitsuiFinancial 1 100.000 396 1 - - 100.000

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 396 1 100%

ThistableconsistsofloanswithborrowersthathaveacountryofriskasThailandandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.


ThailandBorrowerLoans:BookrunnerRankingsHistory

ThailandBorrowerLoans(Bookrunner):IndustryBreakdown

100%

SumitomoMitsuiFinancial

MarketShare(%)

0

105

2019 2018 2017



ThailandBorrowerLoans(MandatedLeadArranger)

Q12019 Q12018

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

BankofEastAsia 1 50.000 198 1 - - 50.000

SumitomoMitsuiFinancial 1 50.000 198 1 - - 50.000

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 396 1 100%

ThistableconsistsofloanswithborrowersthathaveacountryofriskasThailandandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.


ThailandBorrowerLoans:MandatedLeadArrangerRankingsHistory

ThailandBorrowerLoans(MandatedLeadArranger):IndustryBreakdown

100%

SumitomoMitsuiFinancial

BankofEastAsia

50

MarketShare(%)

0

55

2019 2018 2017

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>.

thailand capital markets - data.bloomberglp.com · bloomberg preliminary thailand capital markets |...

Documents