GLOBAL CAPITAL MARKETS LEAGUE TABLES

Transcription

1 GLOBAL CAPITAL MARKETS LEAGUE TABLES First 3Q 2016

2 First 3Q 2016 MANAGER RANKINGS GLOBAL CAPITAL MARKETS 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 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. DATA SUBMISSIONS AND QUERIES Equities Fixed Income Loans Contact Irina Arefyeva Dean Psomaras Paul Bandong Phone calendar@bloomberg.net emeacapmkts@bloomberg.net europeanloan@bloomberg.net 2015 Bloomberg Finance L.P. All rights reserved.

3 Global Fixed Income Review Corporate & Financial Bonds: Industry Breakdown 22% Corporate & Financial Bonds Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan ,531 1, Citi ,989 1, Bank of America Merrill Lynch ,129 1, Goldman Sachs , HSBC , Morgan Stanley , Barclays , Deutsche Bank , Wells Fargo , Credit Suisse , BNP Paribas , UBS , Mizuho Financial , RBC Capital Markets , Credit Agricole CIB , Societe Generale , China Securities Co Ltd , MUFG Securities , UniCredit , Sumitomo Mitsui Financial , TOTAL 100% 3,291,316 12, % 5% 52% 5% 7% Financials 52% Industrials Consumer Discretionary 7% Energy 5% Consumer Staples 5% Others 22% Corporate & Financial Bonds: Manager Rankings History Market Share (%) JP Morgan Citi Bank of America Merrill Lynch Goldman Sachs HSBC Morgan Stanley Bloomberg League Table Reports Page 1

4 Corporate Bonds Financial Bonds Bank of America Merrill Lynch , JP Morgan , Citi , Barclays , Deutsche Bank , Goldman Sachs , Morgan Stanley , HSBC , BNP Paribas , Mizuho Financial , Wells Fargo , Credit Suisse , RBC Capital Markets , MUFG Securities , Sumitomo Mitsui Financial , Societe Generale , Banco Santander , China Securities Co Ltd , Credit Agricole CIB , UBS , TOTAL 100% 1,638,755 4, % Syndicated Government Bonds Barclays , HSBC , Citi , JP Morgan , Deutsche Bank , TD Securities , Bank of America Merrill Lynch , Goldman Sachs , Nomura , BNP Paribas , Morgan Stanley , Credit Agricole CIB , RBC Capital Markets , UniCredit , Societe Generale , Wells Fargo , Scotiabank , RBS , BMO Capital Markets , Daiwa Securities , TOTAL 100% 1,206,683 4, % JP Morgan , HSBC , Citi , Morgan Stanley , Goldman Sachs , Bank of America Merrill Lynch , Barclays , UBS , Credit Suisse , Deutsche Bank , Wells Fargo , Credit Agricole CIB , BNP Paribas , RBC Capital Markets , Societe Generale , Guotai Junan Securities Co Ltd , China Securities Co Ltd , UniCredit , Natixis , CITIC Securities Co Ltd , TOTAL 100% 1,652,560 7, % International Bonds JP Morgan ,934 1, Citi ,526 1, Barclays , HSBC ,371 1, Bank of America Merrill Lynch ,810 1, Goldman Sachs , Deutsche Bank , BNP Paribas , Morgan Stanley , Credit Agricole CIB , Credit Suisse , Wells Fargo , Societe Generale , RBC Capital Markets , UniCredit , UBS , TD Securities , Mizuho Financial , Nomura , Banco Santander , TOTAL 100% 3,141,832 7, % Bloomberg League Table Reports Page 2

5 Corporate High Yield Bonds Global Bonds Bank of America Merrill Lynch , Citi , JP Morgan , Goldman Sachs , Deutsche Bank , Barclays , Credit Suisse , Morgan Stanley , Guotai Junan Securities Co Ltd , Wells Fargo , UBS , HSBC , RBC Capital Markets , China Securities Co Ltd , CITIC Securities Co Ltd , BNP Paribas , Credit Agricole CIB , Industrial & Comm Bank of China , ING Groep , SunTrust Robinson Humphrey , TOTAL 100% 339, % JP Morgan , Bank of America Merrill Lynch , Citi , Barclays , Goldman Sachs , HSBC , Morgan Stanley , Wells Fargo , Deutsche Bank , TD Securities , RBC Capital Markets , BNP Paribas , Mizuho Financial , Nomura , Credit Suisse , MUFG Securities , US Bancorp , BMO Capital Markets , Sumitomo Mitsui Financial , Scotiabank , TOTAL 100% 1,121,460 1, % Bloomberg League Table Reports Page 3

6 Global Equity Review Global Equity, Equity Linked & Rights Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan , Morgan Stanley , Goldman Sachs , Bank of America Merrill Lynch , Citi , Credit Suisse , Deutsche Bank , UBS , Barclays , RBC Capital Markets , Wells Fargo , Nomura , TD Securities , BMO Capital Markets , BNP Paribas , Mizuho Financial , Jefferies , HSBC , CIBC , Societe Generale , TOTAL 100% 402,847 2, % Global Equity, Equity Linked & Rights: Industry Breakdown Financials 29% Energy 14% Consumer Discretionary 10% Health Care Technology Industrials 7% Materials 7% Communications 6% Utilities 6% Others 5% Global Equity, Equity Linked & Rights: Manager Rankings History Market Share (%) % 7% 6% 6% 5% 10% 29% 14% This table consists of equity, equity-linked & rights offerings issued globally. This excludes bonds with warrants, closed-end fund or investment trust issuers, credit linked notes, qualified investor placements (QIP), reverse convertibles and self-led transactions. The thresholds include 12 month minimum call, put & maturity periods. Please see League Table Standards and Guidelines for further details. 0 JP Morgan Morgan Stanley Goldman Sachs Bank of America Merrill Lynch Citi Credit Suisse Bloomberg League Table Reports Page 4

7 Global Equity & Equity Linked Global Equity Offerings JP Morgan , Morgan Stanley , Goldman Sachs , Bank of America Merrill Lynch , Citi , Credit Suisse , Deutsche Bank , Barclays , UBS , RBC Capital Markets , Wells Fargo , Nomura , TD Securities , BMO Capital Markets , Mizuho Financial , BNP Paribas , Jefferies , CIBC , HSBC , Scotiabank , TOTAL 100% 374,857 2, % Global Equity IPO JP Morgan , Morgan Stanley , Goldman Sachs , Citi , Deutsche Bank , Bank of America Merrill Lynch , UBS , China Securities Co Ltd , Credit Suisse , Nomura , CITIC Securities Co Ltd , China International Capital Corp , Barclays , Bank of China , Nordea , Haitong Securities Co Ltd , China Merchants Securities , Hengtai Securities Co Ltd , Mizuho Financial , Essence Securities Co Ltd TOTAL 100% 83, % JP Morgan , Goldman Sachs , Morgan Stanley , Bank of America Merrill Lynch , Credit Suisse , Citi , Barclays , UBS , Deutsche Bank , RBC Capital Markets , Wells Fargo , TD Securities , BMO Capital Markets , Nomura , Jefferies , CIBC , Mizuho Financial , Sumitomo Mitsui Financial , Macquarie , Scotiabank , TOTAL 100% 313,091 2, % Global Equity Linked Deutsche Bank , Morgan Stanley , JP Morgan , Goldman Sachs , Citi , BNP Paribas , Nomura , Bank of America Merrill Lynch , Credit Suisse , Wells Fargo , Mizuho Financial , Credit Agricole CIB , HSBC , Barclays , UBS Societe Generale RBC Capital Markets Scotiabank China International Capital Corp CIBC TOTAL 100% 61, % Bloomberg League Table Reports Page 5

8 Global Loans Review Global Loans: Industry Breakdown 6% Global Loans Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) JP Morgan , Bank of America Merrill Lynch , Citi , Wells Fargo , Deutsche Bank , Barclays , HSBC , MUFG Securities , BNP Paribas , Goldman Sachs , RBC Capital Markets , Credit Suisse , Bank of China , Morgan Stanley , Mizuho Financial , BMO Capital Markets , Scotiabank , UniCredit , Credit Agricole CIB , TD Securities , TOTAL 100% 2,255,384 4, % Market Share (%) 6% 20% 7% 15% 12% Financials 20% Consumer Discretionary 15% Industrials 12% Energy Health Care Materials Technology Consumer Staples 7% Utilities 6% Communications 6% Others 1% Global Loans: Bookrunner Rankings History This table consists of loans syndicated globally. This excludes bilateral loans. There is a minimum threshold of 3 months for maturities. Please see League Table Standards and Guidelines for further details. 0 JP Morgan Bank of America Merrill Lynch Citi Wells Fargo Deutsche Bank Barclays Bloomberg League Table Reports Page 6

9 Global Loans (Bookrunner) Global Loans (Mandated Lead Arranger) JP Morgan , Bank of America Merrill Lynch , Citi , Wells Fargo , Deutsche Bank , Barclays , HSBC , MUFG Securities , BNP Paribas , Goldman Sachs , RBC Capital Markets , Credit Suisse , Bank of China , Morgan Stanley , Mizuho Financial , BMO Capital Markets , Scotiabank , UniCredit , Credit Agricole CIB , TD Securities , TOTAL 100% 2,255,384 4, % Global Sponsor-Led Loans (Bookrunner) Bank of America Merrill Lynch , Goldman Sachs , Credit Suisse , Barclays , Deutsche Bank , Morgan Stanley , Citi , JP Morgan , Wells Fargo , UBS , BNP Paribas , RBC Capital Markets , Jefferies , Antares Capital LP , HSBC , SunTrust Robinson Humphrey , UniCredit , Macquarie , BMO Capital Markets , Nomura , TOTAL 100% 271, % JP Morgan , Bank of America Merrill Lynch , Citi , Wells Fargo , MUFG Securities , HSBC , Deutsche Bank , Barclays , Goldman Sachs , BNP Paribas , Credit Suisse , Bank of China , RBC Capital Markets , Mizuho Financial , Morgan Stanley , Credit Agricole CIB , Scotiabank , BMO Capital Markets , Sumitomo Mitsui Financial , ING Groep , TOTAL 100% 2,565,267 4, % Global Sponsor-Led Loans (Mandated Lead Arranger) Bank of America Merrill Lynch , Goldman Sachs , Barclays , Deutsche Bank , Credit Suisse , Morgan Stanley , JP Morgan , Citi , UBS , Wells Fargo , RBC Capital Markets , Jefferies , Antares Capital LP , BNP Paribas , SunTrust Robinson Humphrey , HSBC , ING Groep , BMO Capital Markets , Macquarie , Nomura , TOTAL 100% 279, % Bloomberg League Table Reports Page 7

10 Global Bridge Loans (Bookrunner) Global Bridge Loans (Mandated Lead Arranger) JP Morgan , Bank of America Merrill Lynch , Barclays , Morgan Stanley , Citi , Deutsche Bank , BNP Paribas , Goldman Sachs , Credit Suisse , HSBC , UniCredit , Rabobank , TD Securities , Wells Fargo , RBC Capital Markets , MUFG Securities , Credit Agricole CIB Natixis Societe Generale Commerzbank TOTAL 100% 106, % Bank of America Merrill Lynch , JP Morgan , Goldman Sachs , HSBC , Credit Suisse , Citi , Deutsche Bank , MUFG Securities , Scotiabank , Banco Santander , Barclays , BNP Paribas , RBC Capital Markets , Mizuho Financial , Credit Agricole CIB , DBS Group , RBS , Bank of China , Commerzbank , TD Securities , TOTAL 100% 185, % Bloomberg League Table Reports Page 8

11 League Tables Criteria 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 a 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 transaction must have a maturity or a call/put option of minimum 18 month. Make-whole calls, provisional calls/puts are exempt 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. 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 calls, provisional calls, and provisional puts are exempt 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 hierarch titles, i.e. Jr Bookrunner. 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.

12 League Tables Criteria 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 hierarch titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional table. Loans Includes executed syndicated loans transactions. Full credit is awarded to the sole bank satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless a full, explicit breakdown of bookrunning is provided by an involved party. 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 to following structural changes only: three months or more maturity extensions, 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. This three month period is defined as the difference between the signing date and the maturity date calculated using a 30 day month, Loans withdrawn prior to signing, Amended/Restated (A/R) securitizations, and receivable or guarantee facilities. The full version of Bloomberg s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on LEAG<GO>. 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.