INDIA CAPITAL MARKETS - Bloomberg Finance L.P. · Bloomberg India Capital Markets | FY 2018 Bloomberg League Table Reports Page 2 India Equity & Rights Offering FY 2018 FY 2017 Firm

INDIACAPITALMARKETSLEAGUE TABLESFY 2018

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INDIA CAPITAL MARKETS

DATA SUBMISSIONS AND QUERIES

Equities

Fixed Income

Loans

Contact EmailPhone

FY 2018

MANAGER RANKINGS

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

Zhen Hao Toh

Jennifer Passos

Dave Lin

+65 6499 2931

+65 6231 9677

+852 2974 3196

[email protected]

[email protected]

[email protected]

http://www.bloomberg.com/

Bloomberg IndiaCapitalMarkets|FY2018

BloombergLeagueTableReports Page1

IndiaBonds

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

AxisBankLtd 1 24.427 807,707 227 1 20.344 4.083

HDFCBank 2 15.519 513,146 144 2 17.760 -2.241

ICICI 3 12.152 401,835 194 4 11.060 1.092

StateBankofIndia 4 8.164 269,945 56 3 11.200 -3.036

YesBank 5 6.893 227,929 99 7 6.147 0.746

ICICISecuritiesPrimaryDealershipLtd

6 5.732 189,536 197 6 6.843 -1.111

TrustInvestmentAdvisorsPvtLtd 7 5.088 168,255 216 5 8.609 -3.521

AKCapitalServices 8 4.902 162,088 113 8 2.476 2.426

KotakMahindraBankLtd 9 3.769 124,635 57 14 1.122 2.647

EdelweissFinancialServicesLtd 10 2.335 77,195 87 9 2.076 0.259

StandardCharteredBank 11 1.674 55,350 10 10 1.413 0.261

LKP 12 1.646 54,422 89 11 1.365 0.281

HSBC 13 1.470 48,600 3 20 0.597 0.873

L&TFinancialServices 14 0.946 31,279 5 - - 0.946

Citi 15 0.827 27,350 4 - - 0.827

TipsonsConsultancyServices 16 0.801 26,473 33 13 1.144 -0.343

Barclays 17 0.619 20,460 5 18 0.726 -0.107

SPACapitalAdvisorsLtd 18 0.459 15,172 23 16 1.020 -0.561

DeriviumCapital 19 0.390 12,900 27 17 0.981 -0.591

IndusindBankLtd 20 0.375 12,413 21 15 1.071 -0.696

TOTAL 100% 3,306,674 693 100%

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

Financials69%

Government11%

Industrials5%

Others15%

IndiaBonds:ManagerRankingsHistory

IndiaBonds:IndustryBreakdown

69%

11%

5%

15%

AxisBankLtd

HDFCBank

ICICI

StateBankofIndia

YesBank

ICICISecuritiesPrimaryDealershipLtd

5

10

15

20

MarketShare(%

)

0

25

2018 2017 2016



IndiaEquity&RightsOffering

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Citi 1 15.579 144,560 16 1 11.617 3.962

KotakMahindraBankLtd 2 10.455 97,015 14 2 8.071 2.384

AxisBankLtd 3 9.545 88,573 15 3 7.183 2.362

StateBankofIndia 4 8.930 82,863 13 13 2.779 6.151

ICICI 5 8.835 81,985 14 5 5.599 3.236

MorganStanley 6 7.065 65,557 6 6 5.447 1.618

JMFinancialLtd 7 5.597 51,937 13 8 4.750 0.847


HDFCBank 9 3.382 31,385 4 28 0.448 2.934

BankofAmericaMerrillLynch 10 3.142 29,159 4 10 4.213 -1.071

IIFLHoldingsLtd 11 2.865 26,588 10 9 4.739 -1.874

JPMorgan 12 2.395 22,220 5 15 2.757 -0.362

CreditSuisse 13 1.954 18,135 6 16 2.432 -0.478

GoldmanSachs 14 1.779 16,508 4 19 1.887 -0.108

CITICSecurities 15 1.723 15,989 5 20 1.764 -0.041

MotilalOswalInvestmentAdvisors

16 1.476 13,699 5 18 2.262 -0.786

IDBIBankLtd 17 1.062 9,852 5 23 0.777 0.285

YesBank 18 0.987 9,157 4 12 2.931 -1.944

FortuneFinancialServicesIndiaLtd

19 0.962 8,924 6 29 0.446 0.516

AryamanFinancialServicesLtd 20 0.800 7,425 23 42 0.121 0.679

TOTAL 100% 927,926 206 100%

Thistableconsistsofequity&rightsofferingsissuedbyIndianissuers.Thisexcludeslocalmarketsharesales,privateplacements,andself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials36%

Materials15%

Technology14%

Industrials12%

ConsumerDiscretionary7%

Energy6%

Others9%

IndiaEquity&RightsOffering:ManagerRankingsHistory

IndiaEquity&RightsOffering:IndustryBreakdown

36%

15%14%

12%

7%

6%

9%

Citi

KotakMahindraBankLtd

AxisBankLtd

StateBankofIndia IC

ICI

MorganStanley

5

10

15

MarketShare(%

)

0

20

2018 2017 2016



IndiaEquity&RightsOffering(LegalAdviser-Issuer)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CyrilAmarchandMangaldas 1 48.871 334,809 13 1 34.124 14.747

Khaitan&Co 2 13.998 95,895 10 3 11.599 2.399

Luthra&LuthraLawOffices 3 9.833 67,363 5 8 3.052 6.781

AZB&Partners 4 8.461 57,962 4 2 20.991 -12.530

ShardulAmarchandMangaldas&Co

5 5.718 39,174 5 4 10.401 -4.683

JSagarAssociates 6 2.989 20,477 5 7 3.504 -0.515

CravathSwaine&Moore 7 2.025 13,875 1 - - 2.025

CrawfordBayley&Co 8 1.543 10,569 8 10 1.956 -0.413

DSKLegal 9 1.403 9,609 1 - - 1.403

SNG&Partners 10 0.891 6,107 2 - - 0.891

Kanga&Co 11 0.708 4,850 16 16 0.172 0.536

HoganLovellsUSLLP 12 0.687 4,705 1 - - 0.687

MVKini&Co 13 0.648 4,441 26 13 0.322 0.326

JoyMukherjee&Associates 14 0.336 2,302 4 - - 0.336

JPSLegal 15 0.268 1,838 7 23 0.039 0.229

Desai&Diwanji 16 0.252 1,724 6 28 0.020 0.232

PerkinsCoieLLP 17 0.252 1,723 1 - - 0.252

RajaniAssociates 18 0.193 1,323 7 21 0.053 0.140

LinkLegalIndiaLawServices 19 0.146 1,000 1 - - 0.146

Law&LegalJurists 20 0.128 876 3 30 0.016 0.112

TOTAL 100% 685,079 150 100%


Financials36%

Materials15%

Technology14%

Industrials12%


Energy6%

Others9%

IndiaEquity&RightsOffering:LegalAdviser-IssuerRankingsHistory

IndiaEquity&RightsOffering(LegalAdviser-Issuer):IndustryBreakdown

36%

15%14%

12%

7%

6%

9%

CyrilAmarchandMangaldas

Khaitan&Co

Luthra&LuthraLawOffices

AZB&Partners


JSagarAssociates

10

20

30

40

MarketShare(%

)

0

50

2018 2017 2016



IndiaEquity&RightsOffering(LegalAdviser-Manager)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

AZB&Partners 1 20.425 155,907 4 14 1.528 18.897

JSagarAssociates 2 15.064 114,982 4 21 0.257 14.807

CyrilAmarchandMangaldas 3 9.968 76,084 6 11 2.430 7.538

Khaitan&Co 4 9.466 72,253 7 5 9.835 -0.369

SidleyAustinLLP 5 6.709 51,207 6 9 3.845 2.864

Luthra&LuthraLawOffices 6 5.098 38,910 7 1 17.238 -12.140

CliffordChanceLLP 7 4.950 37,780 3 8 4.519 0.431

Trilegal 8 4.884 37,277 2 16 1.188 3.696

DavisPolk&Wardwell 9 4.120 31,449 2 13 1.678 2.442

S&RAssociates 10 3.938 30,061 3 4 10.162 -6.224

Latham&WatkinsLLP 11 3.048 23,269 3 7 4.529 -1.481

FreshfieldsBruckhausDeringer 12 2.321 17,717 2 - - 2.321

Simmons&Simmons 13 2.060 15,725 1 - - 2.060

DuaneMorris&SelvamLLP 14 1.894 14,460 5 17 0.863 1.031

SquireSanders 15 1.594 12,169 6 15 1.205 0.389


16 1.275 9,729 1 2 14.329 -13.054

Dentons 17 1.242 9,480 1 - - 1.242

MilbankTweedHadley&McCloyLLP

18 0.786 6,000 1 10 3.454 -2.668

LinkLegalIndiaLawServices 19 0.452 3,447 1 - - 0.452

BakerMcKenzie 20 0.428 3,267 1 12 1.716 -1.288

TOTAL 100% 763,294 44 100%


Financials36%

Materials15%

Technology14%

Industrials12%


Energy6%

Others9%

IndiaEquity&RightsOffering:LegalAdviser-ManagerRankingsHistory

IndiaEquity&RightsOffering(LegalAdviser-Manager):IndustryBreakdown

36%

15%14%

12%

7%

6%

9%

AZB&Partners

JSagarAssociates

CyrilAmarchandMangaldas

Khaitan&Co

SidleyAustinLLP

Luthra&LuthraLawOffices

5

10

15

20

MarketShare(%

)

0

25

2018 2017 2016



IndiaEquityIPO

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


Citi 2 10.281 37,875 6 3 7.271 3.010

AxisBankLtd 3 10.251 37,764 6 1 12.034 -1.783

ICICI 4 8.986 33,105 8 7 5.660 3.326

KotakMahindraBankLtd 5 8.059 29,688 7 2 9.468 -1.409

JMFinancialLtd 6 6.169 22,726 6 9 4.660 1.509

EdelweissFinancialServicesLtd 7 4.601 16,951 5 5 5.930 -1.329


JPMorgan 9 3.767 13,876 3 - - 3.767

GoldmanSachs 10 3.644 13,423 3 - - 3.644

CITICSecurities 11 2.929 10,788 3 14 2.895 0.034

IDBIBankLtd 12 2.674 9,852 5 23 0.667 2.007

YesBank 13 2.486 9,157 4 12 3.657 -1.171

BankofAmericaMerrillLynch 14 2.224 8,192 2 19 1.297 0.927

CreditSuisse 15 2.092 7,707 2 10 4.555 -2.463


MorganStanley 17 1.635 6,022 2 16 2.211 -0.576

Nomura 17 1.635 6,022 2 8 5.242 -3.607

PantomathCapitalAdvisorsPvtLtd

19 1.273 4,690 24 24 0.658 0.615

HDFCBank 20 1.261 4,644 2 22 1.093 0.168

TOTAL 100% 368,388 155 100%

ThistableconsistsofInitialPublicOfferingsissuedbyIndianissuers.Thisexcludeslocalmarketsharesales,privateplacements,rightsofferings,andself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials51%

Industrials22%


Materials5%

Others6%

IndiaEquityIPO:ManagerRankingsHistory

IndiaEquityIPO:IndustryBreakdown

51%

22%

16%

5%

6%

StateBankofIndia Ci

ti

AxisBankLtd

ICICI

KotakMahindraBankLtd

JMFinancialLtd

5

10

MarketShare(%

)

0

15

2018 2017 2016



IndiaEquityOfferings

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Citi 1 18.733 144,560 16 1 11.089 7.644

MorganStanley 2 8.495 65,557 6 5 5.579 2.916

AxisBankLtd 3 8.186 63,166 14 4 7.061 1.125


ICICI 5 7.332 56,577 13 6 5.573 1.759

JMFinancialLtd 6 6.730 51,937 13 8 4.865 1.865

KotakMahindraBankLtd 7 6.717 51,830 12 2 8.266 -1.549


BankofAmericaMerrillLynch 9 3.779 29,159 4 10 4.315 -0.536


JPMorgan 11 2.880 22,220 5 14 2.824 0.056

CreditSuisse 12 2.350 18,135 6 15 2.491 -0.141

GoldmanSachs 13 2.139 16,508 4 19 1.933 0.206

CITICSecurities 14 2.072 15,989 5 20 1.807 0.265

MotilalOswalInvestmentAdvisors

15 1.775 13,699 5 17 2.316 -0.541

IDBIBankLtd 16 1.277 9,852 5 23 0.795 0.482

YesBank 17 1.187 9,157 4 12 3.002 -1.815

FortuneFinancialServicesIndiaLtd

18 1.156 8,924 6 29 0.434 0.722


IDFCBankLtd 20 0.950 7,331 4 13 2.836 -1.886

TOTAL 100% 771,670 199 100%

ThistableconsistsofequityofferingsissuedbyIndianissuers.Thisexcludeslocalmarketsharesales,privateplacements,rightsofferings,self-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials38%

Technology16%

Industrials14%


Energy7%

Materials6%

Others10%

IndiaEquityOfferings:ManagerRankingsHistory

IndiaEquityOfferings:IndustryBreakdown

38%

16%14%

8%

7%

6%

10%

Citi

MorganStanley

AxisBankLtd

StateBankofIndia IC

ICI

JMFinancialLtd

5

10

15

MarketShare(%

)

0

20

2018 2017 2016



IndiaBorrowerLoans(Bookrunner)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

AxisBankLtd 1 11.815 276,829 21 2 15.073 -3.258

YesBank 2 9.650 226,108 26 8 3.646 6.004


MitsubishiUFJFinancialGroupInc

4 5.780 135,432 17 9 2.360 3.420

DBSGroup 5 5.384 126,152 13 10 2.201 3.183

L&TFinancialServices 6 4.474 104,823 28 5 5.168 -0.694

MizuhoFinancial 7 4.457 104,419 14 16 1.274 3.183

FirstAbuDhabiBankPJSC 8 4.169 97,668 14 12 1.786 2.383


Barclays 10 3.693 86,520 11 11 1.840 1.853

ICICI 11 3.650 85,530 13 3 8.422 -4.772

ANZBankingGroup 12 3.377 79,122 9 18 0.867 2.510

SumitomoMitsuiFinancial 13 3.366 78,864 9 13 1.541 1.825


HSBC 15 2.814 65,936 9 14 1.394 1.420

SocieteGenerale 16 2.398 56,195 5 31 0.294 2.104

Citi 17 2.191 51,327 8 15 1.314 0.877

JPMorgan 18 2.025 47,453 4 33 0.188 1.837

CreditAgricoleCIB 19 1.854 43,440 6 25 0.564 1.290

UnitedOverseasBank 20 1.482 34,725 6 25 0.564 0.918

TOTAL 100% 2,342,983 146 100%

ThistableconsistsofloanswithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Materials30%

Financials22%

Energy17%

Utilities9%

Technology8%

Industrials7%

Others7%

IndiaBorrowerLoans:BookrunnerRankingsHistory

IndiaBorrowerLoans(Bookrunner):IndustryBreakdown

30%

22%17%

9%

8%

7%

7%

AxisBankLtd

YesBank

StandardCharteredBank


DBSGroup

L&TFinancialServices

5

10

15

MarketShare(%

)

0

20

2018 2017 2016



IndiaBorrowerLoans(MandatedLeadArranger)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


AxisBankLtd 2 9.142 284,296 23 2 12.247 -3.105

YesBank 3 7.102 220,858 26 7 3.373 3.729

StandardCharteredBank 4 5.084 158,107 27 4 5.620 -0.536


5 5.034 156,562 25 9 2.739 2.295

L&TFinancialServices 6 4.089 127,151 33 5 4.320 -0.231


ICICI 8 3.686 114,614 15 3 7.736 -4.050


DBSGroup 10 3.496 108,724 16 10 2.475 1.021

IDBIBankLtd 11 3.409 106,000 1 32 0.457 2.952


Citi 13 2.766 86,008 14 12 1.577 1.189

HSBC 14 2.705 84,132 14 17 1.101 1.604

Barclays 15 2.641 82,125 13 15 1.332 1.309



CreditAgricoleCIB 18 2.047 63,643 9 11 1.923 0.124

BNPParibas 19 1.522 47,327 8 20 0.932 0.590

SocieteGenerale 20 1.397 43,453 5 37 0.353 1.044

TOTAL 100% 3,109,783 181 100%

ThistableconsistsofloanswithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Materials30%

Financials22%

Energy17%

Utilities9%

Technology8%

Industrials7%

Others7%

IndiaBorrowerLoans:MandatedLeadArrangerRankingsHistory

IndiaBorrowerLoans(MandatedLeadArranger):IndustryBreakdown

30%

22%17%

9%

8%

7%

7%

StateBankofIndia

AxisBankLtd

YesBank




10

20

MarketShare(%

)

0

30

2018 2017 2016



IndiaBorrowerLocalCurrencyLoans(Bookrunner)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

AxisBankLtd 1 29.214 236,988 15 2 16.672 12.542

YesBank 2 24.096 195,467 22 7 5.464 18.632

L&TFinancialServices 3 12.922 104,823 28 4 7.745 5.177

IndusindBankLtd 4 11.286 91,555 27 5 6.764 4.522

ICICI 5 6.550 53,132 10 3 11.829 -5.279



HDFCBank 8 1.957 15,875 3 9 0.975 0.982

DBSGroup 9 1.464 11,875 2 - - 1.464

HousingDevelopmentFinanceCorp

9 1.464 11,875 2 - - 1.464

KotakMahindraBankLtd 9 1.464 11,875 2 - - 1.464

TataCapitalFinancialServicesLtd

9 1.464 11,875 2 - - 1.464

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 811,202 104 100%

ThistableconsistsofloansdenominatedinINRwithborrowersthathaveacountryofriskasIndia.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Materials46%

Utilities17%

Industrials13%

Energy13%

Financials5%

Others6%

IndiaBorrowerLocalCurrencyLoans:BookrunnerRankingsHistory

IndiaBorrowerLocalCurrencyLoans(Bookrunner):IndustryBreakdown

46%

17%

13%

13%

5%

6%

AxisBankLtd

YesBank


IndusindBankLtd

ICICI


10

20

MarketShare(%

)

0

30

2018 2017 2016



IndiaBorrowerLocalCurrencyLoans(MandatedLeadArranger)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


AxisBankLtd 2 19.303 236,988 15 2 15.242 4.061

YesBank 3 15.493 190,217 22 7 5.179 10.314

L&TFinancialServices 4 10.357 127,151 33 4 6.919 3.438

IndusindBankLtd 5 9.261 113,700 37 5 6.351 2.910

IDBIBankLtd 6 8.634 106,000 1 11 0.732 7.902

ICICI 7 6.283 77,132 11 3 11.537 -5.254


HDFCBank 9 1.293 15,875 3 9 1.126 0.167

DBSGroup 10 0.967 11,875 2 - - 0.967

HousingDevelopmentFinanceCorp

10 0.967 11,875 2 - - 0.967

KotakMahindraBankLtd 10 0.967 11,875 2 - - 0.967

TataCapitalFinancialServicesLtd

10 0.967 11,875 2 - - 0.967

InternationalFinanceCorp 14 0.749 9,198 2 - - 0.749

BankofBaroda 15 0.484 5,945 1 - - 0.484

PiramalFinanceLtd 16 0.164 2,010 3 12 0.266 -0.102

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 1,227,724 124 100%

ThistableconsistsofloansdenominatedinINRwithborrowersthathaveacountryofriskasIndia.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Materials46%

Utilities17%

Industrials13%

Energy13%

Financials5%

Others6%

IndiaBorrowerLocalCurrencyLoans:MandatedLeadArrangerRankingsHistory

IndiaBorrowerLocalCurrencyLoans(MandatedLeadArranger):IndustryBreakdown

46%

17%

13%

13%

5%

6%

StateBankofIndia

AxisBankLtd

YesBank


IndusindBankLtd

IDBIBankLtd

10

20

30

40

MarketShare(%

)

0

45

2018 2017 2016



IndiaBorrowerForeignCurrencyLoans(Bookrunner)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


1 8.930 1,963 17 4 7.094 1.836


DBSGroup 3 7.489 1,646 11 5 6.647 0.842



Barclays 6 5.572 1,225 11 6 5.547 0.025



HSBC 9 4.265 938 9 9 4.157 0.108

SocieteGenerale 10 3.648 802 5 24 0.893 2.755

Citi 11 3.326 731 8 10 3.973 -0.647

StateBankofIndia 12 3.273 720 8 3 7.182 -3.909

JPMorgan 13 3.079 677 4 26 0.564 2.515

CreditAgricoleCIB 14 2.906 639 6 19 1.705 1.201

AxisBankLtd 15 2.670 587 6 1 11.795 -9.125

BNPParibas 16 2.249 494 5 12 3.268 -1.019

UnitedOverseasBank 17 2.212 486 6 19 1.705 0.507

ICICI 18 2.080 457 3 22 1.593 0.487

YesBank 19 2.016 443 4 - - 2.016

BankofAmericaMerrillLynch 20 1.901 418 4 16 2.000 -0.099

TOTAL 100% 21,984 42 100%

ThistableconsistsofloansdenominatedinNon-INRwithborrowersthathaveacountryofriskasIndia.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials34%

Energy19%

Materials18%

Technology14%


Others9%

IndiaBorrowerForeignCurrencyLoans:BookrunnerRankingsHistory

IndiaBorrowerForeignCurrencyLoans(Bookrunner):IndustryBreakdown

34%

19%

18%

14%

5%9%



DBSGroup

MizuhoFinancial

FirstAbuDhabiBankPJSC

Barclays

2

4

6

8

MarketShare(%

)

0

10

2018 2017 2016



IndiaBorrowerForeignCurrencyLoans(MandatedLeadArranger)

FY2018 FY2017

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


1 8.419 2,296 25 2 7.295 1.124





DBSGroup 6 5.130 1,399 14 4 6.609 -1.479

Citi 7 4.640 1,265 14 7 4.209 0.431

HSBC 8 4.479 1,221 14 12 2.906 1.573

Barclays 9 4.288 1,169 13 10 3.570 0.718

SumitomoMitsuiFinancial 10 3.861 1,053 10 8 4.028 -0.167


CreditAgricoleCIB 12 3.482 949 9 6 5.139 -1.657

AxisBankLtd 13 2.571 701 8 3 7.222 -4.651

BNPParibas 14 2.521 687 8 15 2.466 0.055

SocieteGenerale 15 2.274 620 5 30 0.955 1.319

UnitedOverseasBank 16 2.241 611 8 16 2.067 0.174

JPMorgan 17 2.182 595 5 29 1.046 1.136

ICICI 18 1.948 531 4 21 1.417 0.531

YesBank 19 1.625 443 4 36 0.368 1.257

BankofAmericaMerrillLynch 20 1.465 399 4 13 2.877 -1.412

TOTAL 100% 27,268 57 100%

ThistableconsistsofloansdenominatedinNon-INRwithborrowersthathaveacountryofriskasIndia.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials34%

Energy19%

Materials18%

Technology14%


Others9%

IndiaBorrowerForeignCurrencyLoans:MandatedLeadArrangerRankingsHistory

IndiaBorrowerForeignCurrencyLoans(MandatedLeadArranger):IndustryBreakdown

34%

19%

18%

14%

5%9%



StateBankofIndia

MizuhoFinancial

FirstAbuDhabiBankPJSC

DBSGroup

5

10

MarketShare(%

)

0

15

2018 2017 2016

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>.

Documents

INDIA CAPITAL MARKETS - Bloomberg Finance L.P. · Bloomberg India Capital Markets | FY 2018 Bloomberg League Table Reports Page 2 India Equity & Rights Offering FY 2018 FY 2017 Firm