Bloomberg Finance L.P. - ASIA PACIFIC CAPITAL MARKETS · 2020. 4. 1. · Bloomberg APAC Capital Markets | Q1 2020 Bloomberg League Table Reports Page 2 Asia ex-Japan G3 Currency Bonds

ASIA PACIFIC CAPITAL MARKETSLEAGUE TABLESQ1 2020

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MANAGER RANKINGS

ASIA PACIFIC CAPITAL MARKETS

DATA SUBMISSIONS AND QUERIES

Contact EmailPhone

Q1 2020

Equities

Fixed Income

Loans

Irene Huang

Dave Lin

Soomi Oh

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APAC League Zhen Hao Toh +65 6212 1123 [email protected]

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Bloomberg APACCapitalMarkets|Q12020

BloombergLeagueTableReports Page1

AsiaPacificFixedIncome

Asiaex-JapanG3CurrencyBonds

Q12020 Q12019

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

HSBC 1 6.347 5,436 70 1 10.849 -4.502

Citi 2 5.934 5,083 44 3 5.092 0.842

StandardCharteredBank 3 5.620 4,813 53 2 5.238 0.382

UBS 4 5.248 4,495 40 4 4.314 0.934

BankofChina 5 4.382 3,753 54 5 4.232 0.150

CreditSuisse 6 4.264 3,652 43 12 2.718 1.546

BofASecurities 7 3.085 2,643 21 21 1.891 1.194

DBSGroup 8 3.051 2,614 40 13 2.403 0.648

Barclays 9 3.009 2,577 36 20 1.924 1.085

DeutscheBank 10 2.880 2,467 22 8 3.308 -0.428

BNPParibas 11 2.777 2,379 29 19 1.927 0.850

CreditAgricoleCIB 12 2.717 2,327 26 11 2.798 -0.081

JPMorgan 13 2.714 2,325 26 7 3.530 -0.816

Industrial&CommBankofChina

14 2.352 2,015 37 23 1.741 0.611

GoldmanSachs 15 2.271 1,945 26 9 3.030 -0.759

HaitongSecurities 16 2.223 1,904 48 6 3.936 -1.713

ChinaCiticBank 17 2.196 1,881 40 14 2.401 -0.205

GuotaiJunanSecurities 18 2.156 1,847 51 17 2.232 -0.076

MorganStanley 19 2.030 1,739 19 15 2.352 -0.322

ChinaConstructionBank 20 1.938 1,660 36 25 1.599 0.339

TOTAL 100% 85,656 199 100%

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

Financials58%

Government13%

Industrials10%

Energy5%

Others14%

Asiaex-JapanG3CurrencyBonds:ManagerRankingsHistory

Asiaex-JapanG3CurrencyBonds:IndustryBreakdown

58%

13%

10%

5%

14%

HSBC Ci

ti

StandardChartere

dBank

UBS

BankofChin

a

CreditS

uisse

5

10

Marke

tSha

re(%

)

0

15

2020 2019 2018



Asiaex-JapanG3CurrencyBondsQ12020 Q12019

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

HSBC 1 6.347 5,436 70 1 10.849 -4.502

Citi 2 5.934 5,083 44 3 5.092 0.842


UBS 4 5.248 4,495 40 4 4.314 0.934

BankofChina 5 4.382 3,753 54 5 4.232 0.150

CreditSuisse 6 4.264 3,652 43 12 2.718 1.546

BofASecurities 7 3.085 2,643 21 21 1.891 1.194

DBSGroup 8 3.051 2,614 40 13 2.403 0.648

Barclays 9 3.009 2,577 36 20 1.924 1.085

DeutscheBank 10 2.880 2,467 22 8 3.308 -0.428

BNPParibas 11 2.777 2,379 29 19 1.927 0.850


JPMorgan 13 2.714 2,325 26 7 3.530 -0.816

Industrial&CommBankofChina 14 2.352 2,015 37 23 1.741 0.611

GoldmanSachs 15 2.271 1,945 26 9 3.030 -0.759


ChinaCiticBank 17 2.196 1,881 40 14 2.401 -0.205


MorganStanley 19 2.030 1,739 19 15 2.352 -0.322


TOTAL 100% 85,656 199 100%

APACex-JapanG3CurrencyBondsQ12020 Q12019


Citi 1 7.687 7,663 56 2 6.586 1.101

HSBC 2 7.030 7,009 78 1 10.466 -3.436


UBS 4 4.810 4,795 41 5 4.240 0.570

BofASecurities 5 4.137 4,124 28 11 2.713 1.424

BankofChina 6 3.765 3,753 54 6 3.452 0.313

CreditSuisse 7 3.664 3,652 43 12 2.669 0.995

JPMorgan 8 3.147 3,138 31 3 4.372 -1.225

GoldmanSachs 9 2.632 2,624 29 10 2.911 -0.279

DBSGroup 10 2.622 2,614 40 17 1.961 0.661

Barclays 11 2.585 2,577 36 16 2.211 0.374

BNPParibas 12 2.567 2,559 30 15 2.345 0.222

DeutscheBank 13 2.474 2,467 22 7 3.378 -0.904

MorganStanley 14 2.376 2,369 22 9 2.979 -0.603




ChinaCiticBank 18 1.887 1,881 40 18 1.959 -0.072

GuotaiJunanSecurities 19 1.852 1,847 51 21 1.821 0.031

MizuhoFinancial 20 1.704 1,699 25 13 2.625 -0.921

TOTAL 100% 99,693 218 100%

Asiaex-JapanG3CorporateHighYieldBondsQ12020 Q12019


CreditSuisse 1 10.781 2,437 26 2 7.074 3.707

UBS 2 8.736 1,975 21 5 5.660 3.076

BofASecurities 3 6.297 1,423 8 23 1.231 5.066


TFInternational 5 5.965 1,348 8 - - 5.965

HSBC 6 4.040 913 17 6 5.573 -1.533

GuotaiJunanSecurities 7 3.845 869 24 7 4.968 -1.123

ChinaCiticBank 8 3.814 862 15 4 6.085 -2.271

Barclays 9 3.774 853 18 32 0.669 3.105

DeutscheBank 10 3.439 777 14 8 4.386 -0.947

MorganStanley 11 3.005 679 9 12 3.046 -0.041

JPMorgan 12 3.000 678 11 15 2.832 0.168

ChinaConstructionBank 13 2.706 612 14 30 0.778 1.928

BankofChina 14 2.590 585 11 14 2.912 -0.322

StandardCharteredBank 15 2.352 532 9 13 2.949 -0.597

BNPParibas 16 2.273 514 9 25 0.984 1.289

OrientSecurities 17 2.054 464 12 16 2.707 -0.653

ChinaMerchantsBank 18 1.939 438 15 11 3.256 -1.317

CITICSecurities 19 1.843 417 9 17 2.205 -0.362

ChinaEverbrightBank 20 1.388 314 4 3 6.237 -4.849

TOTAL 100% 22,605 65 100%

Asiaex-JapanG3InvestmentGradeBondsQ12020 Q12019


Citi 1 8.059 4,196 34 2 7.253 0.806

HSBC 2 7.903 4,115 47 1 12.598 -4.695


BankofChina 4 4.810 2,504 37 4 4.604 0.206

DBSGroup 5 4.048 2,108 30 7 3.413 0.635


GoldmanSachs 7 3.325 1,731 22 11 2.976 0.349


UBS 9 2.913 1,516 12 9 3.204 -0.291

BNPParibas 10 2.884 1,501 18 13 2.654 0.230

Barclays 11 2.774 1,444 15 12 2.675 0.099

JPMorgan 12 2.657 1,383 12 8 3.310 -0.653

DeutscheBank 13 2.621 1,365 6 14 2.452 0.169

SocieteGenerale 14 2.437 1,269 7 24 1.274 1.163


BankofCommunications 16 2.357 1,227 30 10 3.077 -0.720

BofASecurities 17 2.342 1,219 13 16 2.159 0.183

BankMandiri 18 2.330 1,213 7 30 0.816 1.514

MitsubishiUFJFinancialGroupInc 19 2.259 1,176 12 19 2.028 0.231

MorganStanley 20 2.035 1,060 10 18 2.055 -0.020

TOTAL 100% 52,064 104 100%



APACUSD&EURCurrencyBondsQ12020 Q12019


Citi 1 8.190 9,563 63 2 7.336 0.854

HSBC 2 6.146 7,176 79 1 9.260 -3.114

BofASecurities 3 5.221 6,096 38 7 3.681 1.540

JPMorgan 4 4.404 5,142 38 3 5.142 -0.738


UBS 6 4.107 4,795 41 6 3.936 0.171

GoldmanSachs 7 4.014 4,686 36 8 3.413 0.601

BankofChina 8 3.214 3,753 54 10 3.204 0.010

CreditSuisse 9 3.128 3,652 43 13 2.478 0.650

MorganStanley 10 3.099 3,619 24 4 4.202 -1.103

Barclays 11 3.004 3,507 40 15 2.285 0.719

MitsubishiUFJFinancialGroupInc 12 2.729 3,187 20 9 3.259 -0.530

BNPParibas 13 2.449 2,859 32 16 2.113 0.336

DBSGroup 14 2.239 2,614 40 18 1.820 0.419

MizuhoFinancial 15 2.219 2,591 30 17 1.867 0.352

DeutscheBank 16 2.113 2,467 22 11 3.136 -1.023




ChinaCiticBank 20 1.611 1,881 40 19 1.818 -0.207

TOTAL 100% 116,763 234 100%

AsiaBondsQ12020 Q12019


CITICSecurities 1 4.788 19,826 208 3 3.589 1.199

ChinaSecurities 2 4.578 18,954 194 4 3.170 1.408

BankofChina 3 4.058 16,800 154 1 5.320 -1.262

Industrial&CommBankofChina 4 3.007 12,452 102 2 4.363 -1.356


ChinaMerchantsBank 6 2.845 11,780 137 15 1.957 0.888

HaitongSecurities 7 2.566 10,623 146 9 2.529 0.037

IndustrialBank 8 2.499 10,347 105 20 1.664 0.835



MorganStanley 11 2.172 8,994 120 10 2.506 -0.334

HSBC 12 2.075 8,593 110 7 2.701 -0.626

ChinaMinshengBankingCorp 13 2.072 8,579 96 8 2.623 -0.551

ChinaInternationalCapitalCorp 14 2.057 8,518 98 6 3.015 -0.958

Citi 15 2.032 8,413 75 17 1.785 0.247

ChinaCiticBank 16 1.929 7,987 112 25 1.303 0.626

SumitomoMitsuiFinancial 17 1.839 7,616 124 36 0.904 0.935

DaiwaSecurities 18 1.782 7,380 107 23 1.371 0.411

ShanghaiPudongDevelopmentBank 19 1.729 7,160 84 19 1.744 -0.015

Nomura 20 1.645 6,809 124 21 1.563 0.082

TOTAL 100% 414,036 2,151 100%

Asiaex-JapanBondsQ12020 Q12019




BankofChina 3 4.629 16,800 154 1 5.895 -1.266





IndustrialBank 8 2.851 10,347 105 17 1.844 1.007




HSBC 12 2.322 8,426 109 7 2.937 -0.615

ChinaCiticBank 13 2.201 7,987 112 21 1.444 0.757

ShanghaiPudongDevelopmentBank 14 1.973 7,160 84 15 1.933 0.040


Citi 16 1.759 6,385 66 19 1.559 0.200

AgriculturalBankofChina 17 1.695 6,153 73 14 2.146 -0.451

ChinaEverbrightBank 18 1.670 6,060 63 23 1.323 0.347

StandardCharteredBank 19 1.631 5,921 69 16 1.913 -0.282

PingAnInsuranceGroup 20 1.581 5,739 51 26 1.060 0.521

TOTAL 100% 362,955 1,936 100%

APACBondsQ12020 Q12019




BankofChina 3 3.794 17,002 156 1 4.801 -1.007




Citi 7 2.598 11,643 89 11 2.270 0.328

HSBC 8 2.388 10,701 121 4 2.959 -0.571


IndustrialBank 10 2.309 10,347 105 22 1.502 0.807

MorganStanley 11 2.148 9,624 123 8 2.553 -0.405





ChinaCiticBank 16 1.783 7,987 112 28 1.176 0.607


DaiwaSecurities 18 1.689 7,569 110 25 1.334 0.355

BofASecurities 19 1.665 7,461 51 38 0.944 0.721


TOTAL 100% 448,096 2,225 100%



Asiaex-JapanLocalCurrencyBondsQ12020 Q12019




BankofChina 3 4.789 14,642 117 1 6.276 -1.487

IndustrialBank 4 4.043 12,362 118 12 2.604 1.439






ChinaConstructionBank 10 2.818 8,615 88 8 2.963 -0.145

ChinaCiticBank 11 2.566 7,846 92 20 1.508 1.058


ShanghaiPudongDevelopmentBank 13 2.514 7,687 75 11 2.710 -0.196


PingAnInsuranceGroup 15 1.912 5,847 52 24 1.272 0.640

ChinaEverbrightBank 16 1.897 5,802 48 21 1.493 0.404

HuataiSecurities 17 1.842 5,632 61 26 1.152 0.690


HSBC 19 1.552 4,745 65 19 1.531 0.021

ChinaDevelopmentBank 20 1.485 4,540 54 27 1.104 0.381

TOTAL 100% 305,759 2,079 100%

Asiaex-Japan&ChinaLocalCurrencyBondsQ12020 Q12019


AxisBankLtd 1 7.133 4,122 56 1 10.339 -3.206

HSBC 2 6.324 3,654 52 6 4.113 2.211

KBFinancialGroupInc 3 5.590 3,230 77 4 4.449 1.141

NHInvestment&SecuritiesCoLtd 4 5.179 2,993 66 7 4.069 1.110

CIMB 5 4.125 2,384 69 10 2.711 1.414

ICICI 6 3.984 2,302 80 2 6.555 -2.571

HDFCBank 7 3.353 1,937 55 9 3.167 0.186

DBSGroup 8 3.093 1,787 26 11 2.194 0.899

KoreaInvestment&SecuritiesCo 9 3.050 1,762 51 14 1.776 1.274

MiraeAssetDaewooCoLtd 10 2.525 1,459 37 22 1.311 1.214


SKSecurities 12 1.890 1,092 20 28 1.019 0.871

CreditAgricoleCIB 13 1.738 1,004 19 24 1.161 0.577

MizuhoFinancial 14 1.718 993 14 19 1.419 0.299

UnitedOverseasBank 15 1.714 990 26 12 1.867 -0.153

ICICISecuritiesPrimaryDealershipLtd 16 1.523 880 63 26 1.082 0.441

Oversea-ChineseBankingCorp 17 1.519 878 26 17 1.581 -0.062

AKCapitalServices 18 1.490 861 78 16 1.685 -0.195

BangkokBankPCL 19 1.404 811 26 15 1.760 -0.356

AmInvestmentBankBhd 20 1.327 767 25 27 1.022 0.305

TOTAL 100% 57,784 799 100%

ASEANLocalCurrencyBondsQ12020 Q12019


CIMB 1 14.528 2,384 69 2 9.818 4.710

DBSGroup 2 7.387 1,212 20 6 6.484 0.903

UnitedOverseasBank 3 5.737 941 24 3 6.815 -1.078

HSBC 4 5.207 854 2 12 3.328 1.879

BangkokBankPCL 5 4.946 811 26 5 6.501 -1.555

AmInvestmentBankBhd 6 4.672 767 25 11 3.774 0.898

Maybank 7 4.655 764 56 1 12.326 -7.671

RHB 8 4.206 690 64 13 2.807 1.399


BankofPhilippineIslands 10 3.456 567 6 27 0.421 3.035

KasikornbankPCL 11 3.408 559 28 4 6.795 -3.387

KenangaInvestmentBankBhd 12 3.337 547 39 17 1.560 1.777


KrungThaiBank 14 2.916 478 11 8 5.243 -2.327

HongLeongFinancialGroupBhd 15 2.449 402 7 20 0.888 1.561

BankofAyudhyaPCL 16 2.367 388 7 14 2.629 -0.262

INGGroep 17 2.197 360 2 19 0.984 1.213

GovernmentSavingsBank 18 1.864 306 2 35 0.261 1.603

PhatraSecuritiesPCL 19 1.549 254 12 15 2.437 -0.888

BankMandiri 20 1.341 220 27 21 0.870 0.471

TOTAL 100% 16,407 277 100%

OffshoreChinaBondsQ12020 Q12019


BankofChina 1 6.507 3,606 53 4 5.042 1.465

UBS 2 5.425 3,006 26 5 4.216 1.209

CreditSuisse 3 4.892 2,711 33 10 3.337 1.555

HSBC 4 4.304 2,385 45 1 6.512 -2.208



BofASecurities 7 3.608 1,999 14 27 1.244 2.364


ChinaCiticBank 9 3.394 1,881 40 7 3.646 -0.252




DBSGroup 13 2.521 1,397 29 19 2.204 0.317

TFInternational 14 2.493 1,382 9 - - 2.493

Barclays 15 2.456 1,361 24 37 0.626 1.830


ChinaMerchantsBank 17 2.301 1,275 41 16 2.566 -0.265


DeutscheBank 19 2.163 1,199 13 12 3.127 -0.964

Citi 20 2.111 1,170 14 29 1.050 1.061

TOTAL 100% 55,416 137 100%



AsiaPacificEquity

APACEquity,EquityLinked&Rights

Q12020 Q12019

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

ChinaInternationalCapitalCorp

1 9.116 4,743 26 8 4.599 4.517

MorganStanley 2 8.701 4,527 20 3 7.299 1.402



GoldmanSachs 5 4.786 2,490 15 1 8.433 -3.647

Citi 6 4.142 2,155 13 6 4.946 -0.804

JPMorgan 7 3.954 2,057 14 14 2.212 1.742

UBS 8 3.408 1,773 12 5 5.653 -2.245


HSBC 10 2.939 1,529 14 15 2.165 0.774

IndustrialSecurities 11 2.904 1,511 13 70 0.135 2.769

BofASecurities 12 2.822 1,468 11 10 2.877 -0.055

CreditSuisse 13 2.757 1,434 12 13 2.299 0.458

SinolinkSecurities 14 1.656 862 6 66 0.148 1.508

SumitomoMitsuiFinancial 15 1.619 842 20 24 0.998 0.621

ChinaMerchantsSecurities 16 1.460 759 7 16 1.738 -0.278

Nomura 17 1.398 727 13 9 2.954 -1.556

AxisBankLtd 18 1.345 700 5 38 0.560 0.785

HuataiSecurities 19 1.292 672 5 18 1.452 -0.160


TOTAL 100% 52,025 503 100%

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

ConsumerDiscretionary22%

Financials22%

HealthCare12%

Communications10%

Technology10%

ConsumerStaples8%

Industrials8%

Materials7%

Others1%

APACEquity,EquityLinked&Rights:ManagerRankingsHistory

APACEquity,EquityLinked&Rights:IndustryBreakdown

22%

22%

12%10%

10%

8%

8%

7%

China

InternationalCapitalCorp

Morga

nStan

ley

China

Securities

CITIC

Securities

Goldm

anSachs Ci

ti

2

4

6

8

Marke

tSha

re(%

)

0

10

2020 2019 2018



APACEquity&EquityLinkedQ12020 Q12019


ChinaInternationalCapitalCorp 1 9.486 4,743 26 8 4.711 4.775

MorganStanley 2 9.054 4,527 20 3 7.477 1.577


CITICSecurities 4 7.791 3,895 15 2 7.853 -0.062

GoldmanSachs 5 4.893 2,446 14 1 8.638 -3.745

Citi 6 4.310 2,155 13 7 4.898 -0.588

JPMorgan 7 4.114 2,057 14 14 2.266 1.848

UBS 8 3.546 1,773 12 5 5.791 -2.245

HSBC 9 3.026 1,513 13 15 2.218 0.808

BofASecurities 10 2.936 1,468 11 10 2.947 -0.011

CreditSuisse 11 2.868 1,434 12 13 2.355 0.513





Nomura 16 1.455 727 13 9 3.026 -1.571

AxisBankLtd 17 1.399 700 5 36 0.574 0.825



EverbrightSecurities 20 0.998 499 10 35 0.577 0.421

TOTAL 100% 49,997 483 100%

APACEquityOfferingsQ12020 Q12019


MorganStanley 1 9.920 4,040 18 1 11.087 -1.167




GoldmanSachs 5 5.189 2,113 12 2 7.649 -2.460

JPMorgan 6 4.085 1,664 11 20 1.145 2.940

UBS 7 3.576 1,457 10 4 5.999 -2.423

Citi 8 3.561 1,451 10 9 3.191 0.370

HSBC 9 3.158 1,286 11 12 2.616 0.542

BofASecurities 10 2.693 1,097 10 13 2.597 0.096


CreditSuisse 12 2.279 928 7 14 2.577 -0.298



Nomura 15 1.786 727 13 6 4.751 -2.965

AxisBankLtd 16 1.718 700 5 25 0.900 0.818




GFSecurities 20 1.087 443 7 30 0.688 0.399

TOTAL 100% 40,730 414 100%

APACEquityLinkedQ12020 Q12019


ChinaInternationalCapitalCorp 1 7.602 704 3 6 6.819 0.783

Citi 2 7.600 704 3 5 7.894 -0.294

HuataiSecurities 3 6.535 606 3 9 3.709 2.826

CreditSuisse 4 5.459 506 5 14 1.964 3.495

MorganStanley 5 5.248 486 2 20 1.141 4.107


JPMorgan 7 4.240 393 3 8 4.233 0.007

ShenwanHongyuanGroup 8 4.076 378 2 12 2.029 2.047

BofASecurities 9 4.007 371 1 10 3.561 0.446

GoldmanSachs 10 3.593 333 2 2 10.375 -6.782

UBS 11 3.413 316 2 7 5.424 -2.011

ChinaMerchantsSecurities 12 3.347 310 2 13 2.018 1.329

DongyaQianhaiSecuritiesCoLtd 13 3.041 282 1 - - 3.041

BankofChina 14 2.536 235 1 3 8.665 -6.129

HSBC 15 2.442 226 2 17 1.520 0.922

PingAnInsuranceGroup 16 2.316 215 2 - - 2.316

GuotaiJunanSecurities 17 2.239 207 2 24 0.935 1.304

ChinaSecurities 18 2.203 204 3 4 8.531 -6.328

GuosenSecurities 19 1.871 173 1 - - 1.871

ChinaMinzuSecurities 20 1.846 171 1 35 0.326 1.520

TOTAL 100% 9,267 69 100%

APACex-JapanEquity,EquityLinked&RightsQ12020 Q12019



MorganStanley 2 8.773 4,310 16 3 7.092 1.681



GoldmanSachs 5 4.922 2,419 14 1 8.991 -4.069

Citi 6 4.386 2,155 13 6 5.321 -0.935

JPMorgan 7 4.186 2,057 14 12 2.380 1.806

UBS 8 3.608 1,773 12 5 5.803 -2.195


HSBC 10 3.112 1,529 14 13 2.329 0.783


BofASecurities 12 2.930 1,440 10 9 3.095 -0.165

CreditSuisse 13 2.670 1,312 9 14 1.969 0.701



AxisBankLtd 16 1.424 700 5 34 0.602 0.822



HaitongSecurities 19 0.959 471 15 16 1.582 -0.623

GFSecurities 20 0.901 443 7 20 1.232 -0.331

TOTAL 100% 49,133 445 100%



APACex-JapanEquity,EQL&Rightsex-CHAShrsQ12020 Q12019


MorganStanley 1 15.980 4,217 15 1 14.816 1.164

GoldmanSachs 2 9.165 2,419 14 2 12.483 -3.318

JPMorgan 3 7.795 2,057 14 6 4.972 2.823

Citi 4 7.077 1,867 10 4 5.796 1.281

UBS 5 6.718 1,773 12 5 5.512 1.206

HSBC 6 5.795 1,529 14 7 4.866 0.929

BofASecurities 7 5.456 1,440 10 3 6.465 -1.009

CreditSuisse 8 4.972 1,312 9 8 4.114 0.858


AxisBankLtd 10 2.651 700 5 20 1.258 1.393

HaitongSecurities 11 1.786 471 15 33 0.528 1.258

BNPParibas 12 1.592 420 2 11 1.705 -0.113

KotakMahindraBankLtd 13 1.453 383 3 9 2.619 -1.166

BangkokBankPCL 14 1.440 380 1 34 0.511 0.929

KasikornbankPCL 14 1.440 380 1 71 0.124 1.316

PhatraSecuritiesPCL 14 1.440 380 1 - - 1.440

Macquarie 17 1.386 366 2 44 0.323 1.063

HDFCBank 18 0.960 253 1 - - 0.960

ChinaMerchantsBank 19 0.953 251 8 53 0.208 0.745

Nomura 20 0.882 233 1 43 0.335 0.547

TOTAL 100% 26,387 336 100%

APACex-JapanEquity&EquityLinkedQ12020 Q12019



MorganStanley 2 9.151 4,310 16 3 7.278 1.873



GoldmanSachs 5 5.042 2,375 13 1 9.227 -4.185

Citi 6 4.575 2,155 13 7 5.279 -0.704

JPMorgan 7 4.367 2,057 14 12 2.442 1.925

UBS 8 3.764 1,773 12 5 5.955 -2.191

HSBC 9 3.211 1,513 13 13 2.390 0.821

BofASecurities 10 3.057 1,440 10 9 3.176 -0.119

CreditSuisse 11 2.785 1,312 9 14 2.021 0.764




AxisBankLtd 15 1.485 700 5 32 0.618 0.867




IndustrialSecurities 19 0.995 469 11 64 0.149 0.846

GFSecurities 20 0.940 443 7 21 0.967 -0.027

TOTAL 100% 47,105 425 100%

APACex-JapanEquityOfferingsQ12020 Q12019



MorganStanley 2 10.044 3,824 14 1 11.221 -1.177



GoldmanSachs 5 5.364 2,042 11 2 8.489 -3.125

JPMorgan 6 4.370 1,664 11 17 1.291 3.079

UBS 7 3.825 1,457 10 4 6.296 -2.471

Citi 8 3.810 1,451 10 8 3.598 0.212

HSBC 9 3.379 1,286 11 11 2.950 0.429


BofASecurities 11 2.806 1,068 9 12 2.928 -0.122

CreditSuisse 12 2.356 897 6 14 2.058 0.298


AxisBankLtd 14 1.837 700 5 21 1.015 0.822



GFSecurities 17 1.162 443 7 26 0.776 0.386


BangkokBankPCL 19 0.998 380 1 47 0.412 0.586


TOTAL 100% 38,075 359 100%

APACex-JapanEquityLinkedQ12020 Q12019



Citi 2 7.367 704 3 5 7.894 -0.527

HuataiSecurities 3 6.335 606 3 9 3.709 2.626

EASTMONEY 4 5.538 529 1 - - 5.538

MorganStanley 5 5.087 486 2 20 1.141 3.946

CreditSuisse 6 4.341 415 3 14 1.964 2.377


JPMorgan 8 4.110 393 3 8 4.233 -0.123

ShenwanHongyuanGroup 9 3.951 378 2 12 2.029 1.922

BofASecurities 10 3.884 371 1 10 3.561 0.323

GoldmanSachs 11 3.483 333 2 2 10.375 -6.892

UBS 12 3.308 316 2 7 5.424 -2.116

ChinaMerchantsSecurities 13 3.245 310 2 13 2.018 1.227

DongyaQianhaiSecuritiesCoLtd 14 2.948 282 1 - - 2.948

BankofChina 15 2.458 235 1 3 8.665 -6.207

HSBC 16 2.367 226 2 17 1.520 0.847


GuotaiJunanSecurities 18 2.170 207 2 24 0.935 1.235

ChinaSecurities 19 2.135 204 3 4 8.531 -6.396

GuosenSecurities 20 1.814 173 1 - - 1.814

TOTAL 100% 9,560 66 100%



Asiaex-JapanEquity,EquityLinked&RightsQ12020 Q12019



MorganStanley 2 9.432 4,310 16 3 7.232 2.200



Citi 5 4.715 2,155 13 7 4.775 -0.060


GoldmanSachs 7 3.392 1,550 10 1 9.226 -5.834

HSBC 8 3.346 1,529 14 12 2.445 0.901


JPMorgan 10 3.143 1,436 10 13 2.168 0.975

BofASecurities 11 2.959 1,352 9 9 3.048 -0.089

CreditSuisse 12 2.871 1,312 9 14 1.964 0.907

UBS 13 2.070 946 7 8 4.423 -2.353



AxisBankLtd 16 1.531 700 5 34 0.632 0.899



HaitongSecurities 19 1.031 471 15 16 1.661 -0.630

GFSecurities 20 0.968 443 7 20 1.293 -0.325

TOTAL 100% 45,701 348 100%

Asiaex-JapanEquity,EQL&Rightsex-CHASharesQ12020 Q12019


MorganStanley 1 18.369 4,217 15 1 15.975 2.394

Citi 2 8.135 1,867 10 6 4.643 3.492

GoldmanSachs 3 6.753 1,550 10 2 13.385 -6.632

HSBC 4 6.662 1,529 14 4 5.401 1.261

JPMorgan 5 6.257 1,436 10 5 4.790 1.467

BofASecurities 6 5.892 1,352 9 3 6.734 -0.842

CreditSuisse 7 5.715 1,312 9 7 4.338 1.377

UBS 8 4.121 946 7 9 2.433 1.688


AxisBankLtd 10 3.048 700 5 19 1.397 1.651


BNPParibas 12 1.830 420 2 11 1.892 -0.062


BangkokBankPCL 14 1.656 380 1 34 0.567 1.089



HDFCBank 17 1.104 253 1 - - 1.104


Nomura 19 1.013 233 1 41 0.372 0.641

CITICSecurities 20 0.968 222 2 23 0.911 0.057

TOTAL 100% 22,955 239 100%

Asiaex-JapanEquity&EquityLinkedQ12020 Q12019



MorganStanley 2 9.853 4,310 16 3 7.392 2.461



Citi 5 4.926 2,155 13 7 4.880 0.046

GoldmanSachs 6 3.543 1,550 10 1 9.430 -5.887

HSBC 7 3.458 1,513 13 12 2.499 0.959

JPMorgan 8 3.283 1,436 10 13 2.216 1.067

BofASecurities 9 3.091 1,352 9 9 3.116 -0.025

CreditSuisse 10 2.999 1,312 9 14 2.007 0.992


UBS 12 2.162 946 7 8 4.521 -2.359



AxisBankLtd 15 1.599 700 5 32 0.646 0.953




IndustrialSecurities 19 1.072 469 11 64 0.156 0.916

GFSecurities 20 1.012 443 7 21 1.011 0.001

TOTAL 100% 43,747 334 100%

ASEANEquity,EquityLinked&RightsQ12020 Q12019

Firm RankMkt

Share(%)Volume(USD

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

UBS 1 14.373 424 2 2 9.685 4.688

CreditSuisse 2 13.559 400 2 8 5.200 8.359

BangkokBankPCL 3 12.881 380 1 6 5.563 7.318


MorganStanley 3 12.881 380 1 3 9.610 3.271


CIMB 7 3.328 98 3 1 14.930 -11.602

ChinaInternationalCapitalCorp 8 2.169 64 2 - - 2.169

Oversea-ChineseBankingCorp 8 2.169 64 2 - - 2.169

UOBKayHianPvtLtd 10 1.550 46 9 20 0.690 0.860

JasaUtamaCapitalPT 11 1.445 43 3 24 0.628 0.817

PacificSekuritasIndonesiaPT 12 1.215 36 1 - - 1.215

BofASecurities 13 0.678 20 1 - - 0.678

DBSGroup 13 0.678 20 1 4 8.390 -7.712

Maybank 13 0.678 20 1 14 2.632 -1.954

MercurySecuritiesSdnBhd 16 0.462 14 6 23 0.662 -0.200

RHB 17 0.340 10 5 13 2.868 -2.528

ChuenmanSecuritiesLtd 18 0.298 9 3 - - 0.298

FirstFidelityCapitalInternationalLtd 19 0.274 8 1 - - 0.274

LegoFinancialGroupInvestmentHoldingsLtd

19 0.274 8 1 - - 0.274

TOTAL 100% 2,951 65 100%



AsiaPacificSyndicatedLoans

APACex-JapanLoans(MandatedLeadArranger)

Q12020 Q12019

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BankofChina 1 13.711 10,641 97 1 15.569 -1.858

StateBankofIndia 2 4.375 3,395 16 3 3.871 0.504

HSBC 3 3.704 2,874 37 5 3.564 0.140


DBSGroup 5 3.312 2,571 28 6 3.325 -0.013





CommonwealthBankAustralia 10 2.449 1,901 15 30 0.818 1.631

ANZBankingGroup 11 2.437 1,892 20 8 2.811 -0.374





ChinaCiticBank 16 1.836 1,425 10 28 0.893 0.943

KoreaDevelopmentBank 17 1.752 1,360 13 15 1.820 -0.068

ICICI 18 1.736 1,347 16 99 0.108 1.628

ShanghaiPudongDevelopmentBank

19 1.678 1,303 13 45 0.534 1.144

Oversea-ChineseBankingCorp 20 1.607 1,248 15 18 1.396 0.211

TOTAL 100% 77,609 287 100%

ThistableconsistsofloanswithamarketofsyndicationintheAPACex-Japanregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials45%

Industrials12%

Energy10%

Materials9%

ConsumerDiscretionary8%

Others17%

APACex-JapanLoans:MandatedLeadArrangerRankingsHistory

APACex-JapanLoans(MandatedLeadArranger):IndustryBreakdown

45%

12%

10%

9%

8%

17%

BankofChin

a

State

Banko

fIndia

HSBC

Sumitom

oMitsuiFin

ancia

l

DBSGroup

Agricultura

lBanko

fChin

a

5

10

15

Marke

tSha

re(%

)

0

20

2020 2019 2018



APACex-JapanLoans(Bookrunner)Q12020 Q12019


BankofChina 1 15.872 9,449 69 1 17.717 -1.845




HSBC 5 3.995 2,378 20 4 4.412 -0.417



DBSGroup 8 3.448 2,053 17 9 2.362 1.086


StateBankofIndia 10 3.241 1,929 9 3 4.426 -1.185

CTBCFinancialHolding 11 2.746 1,635 6 44 0.508 2.238


BankofCommunications 13 2.711 1,614 5 43 0.518 2.193





UnitedOverseasBank 18 1.831 1,090 7 15 1.867 -0.036

ChinaCiticBank 19 1.744 1,038 4 27 0.985 0.759

Citi 20 1.604 955 8 24 1.149 0.455

TOTAL 100% 59,536 224 100%

APACex-JapanLoans(MandatedLeadArranger)Q12020 Q12019


BankofChina 1 13.711 10,641 97 1 15.569 -1.858


HSBC 3 3.704 2,874 37 5 3.564 0.140


DBSGroup 5 3.312 2,571 28 6 3.325 -0.013











ChinaCiticBank 16 1.836 1,425 10 28 0.893 0.943


ICICI 18 1.736 1,347 16 99 0.108 1.628



TOTAL 100% 77,609 287 100%

APACex-JapanG3CurrencyLoans(Bookrunner)Q12020 Q12019




DBSGroup 3 6.998 1,301 10 10 3.035 3.963


HSBC 5 5.431 1,009 11 2 7.306 -1.875

BankofChina 6 5.258 977 7 7 4.445 0.813

MizuhoFinancial 7 4.796 891 7 4 5.213 -0.417

Citi 8 4.514 839 6 17 1.868 2.646

ChinaCiticBank 9 3.460 643 2 - - 3.460

ShanghaiPudongDevelopmentBank 10 3.184 592 3 - - 3.184

CreditAgricoleCIB 11 2.994 556 3 44 0.595 2.399

ChinaMerchantsBank 12 2.603 484 2 - - 2.603

StateBankofIndia 13 2.480 461 5 13 2.864 -0.384

UnitedOverseasBank 14 2.454 456 4 45 0.583 1.871

Maybank 15 2.223 413 4 16 1.912 0.311

CTBCFinancialHolding 16 2.001 372 5 37 0.712 1.289

ChinaConstructionBank 17 1.749 325 3 31 0.949 0.800

CreditSuisse 18 1.695 315 2 9 4.122 -2.427

JPMorgan 19 1.658 308 3 14 2.166 -0.508

BofASecurities 20 1.575 293 3 18 1.419 0.156

TOTAL 100% 18,584 49 100%

APACex-JapanG3CurrencyLoans(MandatedLeadArranger)Q12020 Q12019



BankofChina 2 5.699 1,461 16 5 3.868 1.831

HSBC 3 5.642 1,447 18 1 6.506 -0.864


DBSGroup 5 4.716 1,209 14 6 3.461 1.255



Citi 8 3.708 951 11 13 1.914 1.794

BofASecurities 9 2.885 740 6 32 0.999 1.886

ChinaCiticBank 10 2.757 707 4 97 0.077 2.680

CommonwealthBankAustralia 11 2.626 673 4 80 0.211 2.415


Oversea-ChineseBankingCorp 13 2.236 573 9 34 0.965 1.271

ANZBankingGroup 14 2.181 559 6 8 3.162 -0.981


JPMorgan 16 2.026 520 5 24 1.225 0.801


BNPParibas 18 1.827 469 6 19 1.478 0.349


DeutscheBank 20 1.635 419 6 7 3.346 -1.711

TOTAL 100% 25,642 63 100%



APACex-JapanLeveragedLoans(Bookrunner)Q12020 Q12019


KoreaDevelopmentBank 1 16.858 229 2 17 1.697 15.161

NationalAustraliaBank 2 10.495 143 2 21 1.084 9.411

ShinhanFinancialGroupCoLtd 3 10.363 141 2 4 5.772 4.591

WooriFinancialGroupInc 4 9.376 127 1 - - 9.376

DBSGroup 5 8.633 117 2 26 0.699 7.934

MitsubishiUFJFinancialGroupInc 6 6.685 91 1 - - 6.685



HSBC 9 3.824 52 1 5 5.629 -1.805

CreditAgricoleCIB 10 3.551 48 2 - - 3.551

E.SunCommercialBank 11 1.949 26 1 26 0.699 1.250

FubonFinancialHolding 11 1.949 26 1 - - 1.949

GoldmanSachs 11 1.949 26 1 21 1.084 0.865

INGGroep 11 1.949 26 1 - - 1.949

KGIBank 11 1.949 26 1 - - 1.949

Nomura 11 1.949 26 1 - - 1.949

TaishinFinancialHoldingCoLtd 11 1.949 26 1 24 0.955 0.994

Citi 18 1.603 22 1 6 4.930 -3.327


- - - - - - - -

TOTAL 100% 1,360 9 100%

APACex-JapanLeveragedLoans(MandatedLeadArranger)Q12020 Q12019


KBFinancialGroupInc 1 18.503 663 2 3 8.266 10.237

SamsungSecuritiesCoLtd 1 18.503 663 2 8 3.341 15.162

ICICI 3 7.160 257 1 - - 7.160

IndusindBankLtd 3 7.160 257 1 - - 7.160

StateBankofIndia 3 7.160 257 1 43 0.352 6.808

KoreaDevelopmentBank 6 7.016 251 3 21 1.391 5.625


ShinhanFinancialGroupCoLtd 8 3.933 141 2 5 4.732 -0.799

WooriFinancialGroupInc 9 3.558 127 1 4 7.483 -3.925

DBSGroup 10 3.153 113 2 43 0.352 2.801

MitsubishiUFJFinancialGroupInc 11 2.537 91 1 35 0.554 1.983



HSBC 14 1.767 63 2 7 3.369 -1.602


BankofCommunications 16 1.041 37 1 - - 1.041

DGBFinancialGroupInc 17 0.742 27 1 - - 0.742

SiemensBankGmbH 18 0.726 26 1 43 0.352 0.374

BNPParibas 19 0.616 22 1 - - 0.616

E.SunCommercialBank 19 0.616 22 1 43 0.352 0.264

TOTAL 100% 3,584 14 100%

APACProjectFinanceLoans(Bookrunner)Q12020 Q12019






ICICI 5 6.255 525 6 38 0.507 5.748

BankNegaraIndonesia(Persero)TbkPT 6 5.414 454 1 11 2.113 3.301

BankofChina 7 4.677 392 6 3 8.367 -3.690

IndusindBankLtd 8 3.046 256 3 20 1.204 1.842

AxisBankLtd 9 1.987 167 1 35 0.533 1.454

Citi 9 1.987 167 1 - - 1.987


L&TFinancialServices 12 1.736 146 1 12 2.023 -0.287

BankofTaiwan 13 1.637 137 2 16 1.495 0.142


Industrial&CommBankofChina 15 1.325 111 1 - - 1.325



WestpacBanking 15 1.325 111 1 - - 1.325

BankofBaroda 19 1.296 109 1 35 0.533 0.763

Scotiabank 19 1.296 109 1 - - 1.296

TOTAL 100% 8,389 30 100%

APACProjectFinanceLoans(MandatedLeadArranger)Q12020 Q12019



ICICI 2 5.825 717 10 48 0.377 5.448





BankofChina 7 3.020 372 7 3 5.859 -2.839

IndusindBankLtd 8 2.838 349 4 27 0.895 1.943

MitsubishiUFJFinancialGroupInc 9 2.705 333 4 8 3.682 -0.977

Citi 10 2.661 328 3 - - 2.661


L&TFinancialServices 12 1.945 239 2 15 2.092 -0.147

WestpacBanking 13 1.627 200 2 22 1.030 0.597

FubonFinancialHolding 14 1.543 190 2 56 0.146 1.397

SocieteGenerale 15 1.466 180 2 24 0.947 0.519

KoreaDevelopmentBank 16 1.442 178 2 4 5.121 -3.679

DBSGroup 17 1.435 177 2 19 1.476 -0.041

KGIBank 18 1.394 172 2 - - 1.394


AxisBankLtd 20 1.015 125 1 46 0.396 0.619

TOTAL 100% 12,310 48 100%



APACex-JapanGreenUoPLoans(Bookrunner)Q12020 Q12019

Firm RankMkt

Share(%)Volume(USD


CTBCFinancialHolding 1 23.523 991 1 - - 23.523


SumitomoMitsuiFinancial 1 23.523 991 1 - - 23.523

HSBC 4 6.846 288 1 5 6.976 -0.130

DBSGroup 5 5.558 234 1 - - 5.558

StandardCharteredBank 5 5.558 234 1 - - 5.558

UnitedOverseasBank 5 5.558 234 1 - - 5.558

BankofTaiwan 8 2.510 106 1 - - 2.510

HuaNanFinancialHoldingsCoLtd 9 0.850 36 1 - - 0.850

KGIBank 9 0.850 36 1 - - 0.850

SinoPacFinancialHoldings 9 0.850 36 1 - - 0.850

TaiwanCooperativeFinancialHoldingCoLtd

9 0.850 36 1 - - 0.850

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 4,211 5 100%

APACex-JapanGreenUoPLoans(MandatedLeadArranger)Q12020 Q12019


KBFinancialGroupInc 1 8.262 454 2 - - 8.262

DBSGroup 2 7.467 411 3 1 14.075 -6.608

HSBC 3 7.223 397 4 18 1.689 5.534

StandardCharteredBank 4 6.506 358 2 - - 6.506

UnitedOverseasBank 5 4.655 256 2 - - 4.655


Citi 7 3.683 203 2 - - 3.683


KGIBank 9 3.119 172 2 - - 3.119

BankofCommunications 10 2.621 144 1 - - 2.621

AegonNV 11 2.251 124 1 - - 2.251

BancoSantander 11 2.251 124 1 - - 2.251

CreditAgricoleCIB 11 2.251 124 1 - - 2.251

CTBCFinancialHolding 11 2.251 124 1 - - 2.251

DeutscheBank 11 2.251 124 1 - - 2.251

E.SunCommercialBank 11 2.251 124 1 - - 2.251

EntieCommercialBank 11 2.251 124 1 - - 2.251

FubonFinancialHolding 11 2.251 124 1 15 1.876 0.375

JPMorgan 11 2.251 124 1 - - 2.251

KoreaDevelopmentBank 11 2.251 124 1 - - 2.251

TOTAL 100% 5,501 13 100%

APACex-JapanAcquisitionLoans(Bookrunner)Q12020 Q12019


DBSGroup 1 12.078 955 5 7 4.059 8.019

ChinaCiticBank 2 11.031 873 2 - - 11.031


HanaFinancialGroupInc 4 5.888 466 2 - - 5.888

Citi 5 5.823 461 2 8 3.910 1.913







Maybank 12 3.792 300 1 30 1.393 2.399

CreditSuisse 13 2.936 232 1 3 5.391 -2.455

WooriFinancialGroupInc 14 1.612 127 1 - - 1.612

BankofChina 15 1.565 124 1 8 3.910 -2.345

ChinaMinshengBankingCorp 15 1.565 124 1 - - 1.565

DeutscheBank 15 1.565 124 1 30 1.393 0.172

HSBC 15 1.565 124 1 8 3.910 -2.345

Industrial&CommBankofChina 15 1.565 124 1 23 1.541 0.024

JPMorgan 15 1.565 124 1 4 4.888 -3.323

TOTAL 100% 7,910 20 100%

APACex-JapanAcquisitionLoans(MandatedLeadArranger)Q12020 Q12019


ChinaCiticBank 1 7.730 873 2 - - 7.730

DBSGroup 2 6.214 701 5 4 3.788 2.426


SamsungSecuritiesCoLtd 3 5.874 663 2 - - 5.874


HanaFinancialGroupInc 6 4.126 466 2 26 1.252 2.874


Industrial&CommBankofChina 8 3.264 368 3 34 1.085 2.179

BankofChina 9 3.215 363 3 6 3.330 -0.115


StandardCharteredBank 11 3.083 348 2 7 3.026 0.057

HSBC 12 2.848 321 2 5 3.620 -0.772

MorganStanley 12 2.848 321 2 49 0.578 2.270

MitsubishiUFJFinancialGroupInc 14 2.754 311 2 3 3.806 -1.052

Maybank 15 2.658 300 1 48 0.606 2.052

Citi 16 2.365 267 2 9 2.247 0.118



Scotiabank 17 2.278 257 1 49 0.578 1.700

ICICI 20 2.273 257 1 - - 2.273

TOTAL 100% 11,288 27 100%



Asiaex-JapanLoans(Bookrunner)Q12020 Q12019

Firm RankMkt

Share(%)Volume(USD


BankofChina 1 17.333 9,212 66 1 18.934 -1.601






HSBC 7 3.722 1,978 18 6 3.209 0.513


DBSGroup 9 3.697 1,965 16 8 2.661 1.036






ChinaCiticBank 15 1.954 1,038 4 24 1.110 0.844


ShanghaiPudongDevelopmentBank 17 1.672 889 5 63 0.251 1.421

ICICI 18 1.488 791 9 78 0.118 1.370

Citi 19 1.484 789 5 28 0.925 0.559


20 1.444 768 9 32 0.857 0.587

TOTAL 100% 53,148 197 100%

Asiaex-JapanLoans(MandatedLeadArranger)Q12020 Q12019


BankofChina 1 14.881 9,980 89 1 16.723 -1.842


HSBC 3 3.712 2,489 34 6 2.978 0.734

DBSGroup 4 3.701 2,482 27 5 3.588 0.113








ChinaCiticBank 12 2.124 1,425 10 25 1.005 1.119

ICICI 13 2.009 1,347 16 91 0.121 1.888







Citi 20 1.508 1,011 10 29 0.846 0.662

TOTAL 100% 67,070 250 100%

NorthAsiaLoans(Bookrunner)Q12020 Q12019

Firm RankMkt

Share(%)Volume(USD


BankofChina 1 21.754 9,114 64 1 27.383 -5.629





HSBC 6 4.042 1,693 14 8 3.141 0.901





DBSGroup 11 2.858 1,197 6 13 1.591 1.267


ChinaCiticBank 13 2.479 1,038 4 12 1.617 0.862

KoreaDevelopmentBank 14 2.324 974 7 6 3.403 -1.079

ShanghaiPudongDevelopmentBank 15 2.014 844 5 49 0.366 1.648


16 1.832 768 9 18 1.249 0.583


FirstCommercialBank 18 1.433 600 6 16 1.322 0.111

MegaFinancialHolding 19 1.341 562 5 10 1.987 -0.646

Citi 20 1.315 551 3 25 0.836 0.479

TOTAL 100% 41,898 154 100%

NorthAsiaLoans(MandatedLeadArranger)Q12020 Q12019


BankofChina 1 18.829 9,714 84 1 23.507 -4.678


HSBC 3 4.167 2,150 28 7 2.848 1.319



DBSGroup 6 3.303 1,704 16 8 2.706 0.597



ChinaCiticBank 9 2.762 1,425 10 13 1.454 1.308








SamsungSecuritiesCoLtd 17 1.582 816 3 52 0.314 1.268

Citi 18 1.427 736 7 20 0.965 0.462


BofASecurities 20 1.224 631 5 56 0.283 0.941

TOTAL 100% 51,588 189 100%



ASEANLoans(Bookrunner)Q12020 Q12019




DBSGroup 3 9.629 585 8 3 6.918 2.711




Maybank 7 6.537 397 4 1 7.202 -0.665

HSBC 8 4.693 285 4 6 5.039 -0.346

CreditSuisse 9 3.951 240 1 15 2.916 1.035


INGGroep 11 3.255 198 2 - - 3.255

Rabobank 12 2.947 179 2 20 1.877 1.070


BankofBaroda 14 1.789 109 1 - - 1.789

Scotiabank 14 1.789 109 1 36 0.375 1.414

BofASecurities 16 1.783 108 1 36 0.375 1.408

BankofChina 17 1.615 98 3 30 0.636 0.979

AmInvestmentBankBhd 18 1.592 97 1 - - 1.592

BankIslamMalaysiaBerhad 18 1.592 97 1 - - 1.592


TOTAL 100% 6,074 24 100%

ASEANLoans(MandatedLeadArranger)Q12020 Q12019




DBSGroup 3 8.345 616 10 2 7.460 0.885




Maybank 7 5.316 392 4 5 4.653 0.663

HSBC 8 4.601 340 7 6 4.080 0.521


BangkokBankPCL 10 3.660 270 1 - - 3.660

SiamCommercialBankPCL 10 3.660 270 1 1 10.814 -7.154

CreditSuisse 12 3.251 240 1 18 1.942 1.309

StateBankofIndia 13 2.940 217 2 15 2.214 0.726

INGGroep 14 2.619 193 2 - - 2.619

BankofChina 15 2.381 176 5 16 2.170 0.211


BankofBaroda 17 1.472 109 1 - - 1.472

Scotiabank 17 1.472 109 1 52 0.266 1.206

BofASecurities 19 1.468 108 1 52 0.266 1.202

AmInvestmentBankBhd 20 1.310 97 1 - - 1.310

TOTAL 100% 7,382 30 100%

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 identifiedbased 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 bondswith 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 orrestated 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 ofreported 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

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Documents

Bloomberg Finance L.P. - ASIA PACIFIC CAPITAL MARKETS · 2020. 4. 1. · Bloomberg APAC Capital Markets | Q1 2020 Bloomberg League Table Reports Page 2 Asia ex-Japan G3 Currency Bonds