ISLAMIC CAPITAL MARKETS LEAGUE TABLES Q1 218 Preliminary As of 26 March 218
Q1 218 PRELIMINARY AS OF 26 MARCH 218 MANAGER RANKINGS ISLAMIC 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 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. DATA SUBMISSIONS AND QUERIES Americas EMEA Asia-Pacific Contact Phone Email Paul Bandong +1 69 279 5187 loansleag@bloomberg.net Sami Arafeh +971 4 4492349 europeanloan@bloomberg.net Xin Yu Chen +65 6212 1123 aploans@bloomberg.net 218 Bloomberg Finance L.P. All rights reserved.
Prelim Islamic Capital Markets Q1 218 Sukuk & Islamic Financing Sukuk & Islamic Financing: Industry Breakdown 6% 11% Sukuk & Islamic Financing 17% 66% 1 1.521 2,161 12 2 11.911-1.39 CIMB 2 1.19 2,76 34 4 9.44.75 Citi 3 8.331 1,711 6 15 1.499 6.832 Standard Chartered Bank 4 7.98 1,639 9 1 12.43-4.63 JP Morgan 5 5.46 1,11 4 15 1.499 3.97 Dubai Islamic Bank 6 5.343 1,98 6 7 5.68.275 RHB 7 4.797 985 15 1 3.546 1.251 Sumitomo Mitsui Financial 8 4.485 921 2 22.42 4.65 Maybank 9 4.125 847 18 5 8.1-3.876 Credit Agricole CIB 1 3.724 765 1 - - 3.724 Mitsubishi UFJ Financial Group Inc 1 3.724 765 1 21.798 2.926 Bank of China 1 3.724 765 1 31.121 3.63 Industrial & Comm Bank of China 1 3.724 765 1 - - 3.724 Mizuho Financial 1 3.724 765 1 22.42 3.34 Abu Dhabi Islamic Bank 15 3.213 66 3 19.91 2.33 AmInvestment Bank Bhd 16 3.27 622 34 6 7.678-4.651 Sharjah Islamic Bank 17 1.826 375 2 2.84.986 Emirates NBD PJSC 18 1.557 32 4 13 2.612-1.55 First Abu Dhabi Bank PJSC 19 1.534 315 3 3 11.177-9.643 Kenanga Investment Bank Bhd 2 1.244 255 7 - - 1.244 TOTAL 1% 2,541 78 1% Government 66% Financials 17% Industrials 6% Others 11% Sukuk & Islamic Financing: ings History 15 1 5 CIMB Citi Standard Chartered Bank JP Morgan Dubai Islamic Bank This table consists of Islamic financing and Sukuk issuances. This excludes bonds with warrants, credit-linked securities, and structured notes. There is a minimum threshold of 12 months for maturities, call or put periods, and USD 5MM minimum amount for self-led securities. Please see League Table Standards and Guidelines for further details. Bloomberg League Table Reports Page 1
Prelim Islamic Capital Markets Q1 218 Global Sukuk Global Sukuk Global Sukuk: Industry Breakdown 9% 8% 8% 48% CIMB 1 16.18 2,76 34 4 1.95 6.13 2 1.83 1,396 11 2 12.785-1.955 Dubai Islamic Bank 3 8.514 1,98 6 7 5.44 3.74 RHB 4 7.643 985 15 1 3.676 3.967 Citi 5 7.34 946 5 13 1.69 5.731 Standard Chartered Bank 6 6.782 874 8 1 12.927-6.145 Maybank 7 6.573 847 18 5 8.589-2.16 Abu Dhabi Islamic Bank 8 5.12 66 3 - - 5.12 AmInvestment Bank Bhd 9 4.823 622 34 6 8.241-3.418 Sharjah Islamic Bank 1 2.99 375 2 18.91 2.8 JP Morgan 11 2.679 345 3 13 1.69 1.7 Emirates NBD PJSC 12 2.48 32 4 11 2.84 -.324 First Abu Dhabi Bank PJSC 13 2.444 315 3 3 11.998-9.554 Kenanga Investment Bank Bhd 14 1.982 255 7 - - 1.982 Kuwait Finance House 15 1.978 255 2 12 2.55 -.77 Bank ABC 16 1.288 166 2 16 1.239.49 Noor Bank 17 1.268 164 3 24.338.93 Sumitomo Mitsui Financial 18 1.212 156 1 2.451.761 Natixis 18 1.212 156 1 - - 1.212 Gulf International Bank BSC 18 1.212 156 1 - - 1.212 TOTAL 1% 12,891 77 1% 27% Government 48% Financials 27% Industrials 8% Materials 8% Others 9% Global Sukuk: Manager ings History 2 15 1 5 CIMB Dubai Islamic Bank RHB Citi Standard Chartered Bank This table consists of globally syndicated Sukuk issuances. This excludes bonds with warrants and structured notes. There is a minimum threshold of 12 months for maturities, call or put periods and USD 5MM minimum amount for self-led securities. Please see League Table Standards and Guidelines for further details. Bloomberg League Table Reports Page 2
Prelim Islamic Capital Markets Q1 218 International Sukuk International Sukuk: Industry Breakdown 7% International Sukuk 32% 61% 1 13.892 1,191 6 1 18.193-4.31 Dubai Islamic Bank 2 12.798 1,98 6 4 7.741 5.57 Citi 3 11.35 946 5 1 2.29 8.745 CIMB 4 1.689 917 4 8 2.886 7.83 Standard Chartered Bank 5 1.195 874 8 2 18.32-7.837 Abu Dhabi Islamic Bank 6 7.697 66 3 - - 7.697 Sharjah Islamic Bank 7 4.373 375 2 14 1.282 3.91 JP Morgan 8 4.28 345 3 1 2.29 1.738 Emirates NBD PJSC 9 3.729 32 4 7 3.989 -.26 First Abu Dhabi Bank PJSC 1 3.673 315 3 3 17.72-13.399 Kuwait Finance House 11 2.974 255 2 9 2.45.569 Bank ABC 12 1.936 166 2 13 1.763.173 Noor Bank 13 1.97 164 3 21.481 1.426 Sumitomo Mitsui Financial 14 1.822 156 1 17.641 1.181 Natixis 14 1.822 156 1 - - 1.822 Gulf International Bank BSC 14 1.822 156 1 - - 1.822 National Commercial Bank 17 1.516 13 1 - - 1.516 Alkhair International Islamic Bank Bhd 18.729 63 1 - -.729 Goldman Sachs 18.729 63 1 - -.729 Deutsche Bank 18.729 63 1 5 6.925-6.196 TOTAL 1% 8,575 11 1% Government 61% Financials 32% Consumer Discretionary 7% International Sukuk: Manager ings History 2 15 1 5 Dubai Islamic Bank Citi CIMB Standard Chartered Bank Abu Dhabi Islamic Bank This table consists of international Sukuk issuances. This excludes bonds with warrants, domestic Sukuk, credit-linked securities and structured notes. There is a minimum threshold of 12 months for maturities, call or put periods and USD 5MM minimum amount for self-led securities. Please see League Table Standards and Guidelines for further details. Bloomberg League Table Reports Page 3
Prelim Islamic Capital Markets Q1 218 US Dollar International Sukuk US Dollar International Sukuk: Industry Breakdown 7% US Dollar International Sukuk 32% 61% 1 13.892 1,191 6 1 19.34-5.448 Dubai Islamic Bank 2 12.798 1,98 6 4 8.229 4.569 Citi 3 11.35 946 5 1 2.435 8.6 CIMB 4 1.689 917 4 8 3.67 7.622 Standard Chartered Bank 5 1.195 874 8 2 19.169-8.974 Abu Dhabi Islamic Bank 6 7.697 66 3 - - 7.697 Sharjah Islamic Bank 7 4.373 375 2 13 1.363 3.1 JP Morgan 8 4.28 345 3 1 2.435 1.593 Emirates NBD PJSC 9 3.729 32 4 7 4.241 -.512 First Abu Dhabi Bank PJSC 1 3.673 315 3 3 14.227-1.554 Kuwait Finance House 11 2.974 255 2 9 2.556.418 Bank ABC 12 1.936 166 2 12 1.875.61 Noor Bank 13 1.97 164 3 2.511 1.396 Sumitomo Mitsui Financial 14 1.822 156 1 16.682 1.14 Natixis 14 1.822 156 1 - - 1.822 Gulf International Bank BSC 14 1.822 156 1 - - 1.822 National Commercial Bank 17 1.516 13 1 - - 1.516 Alkhair International Islamic Bank Bhd 18.729 63 1 - -.729 Goldman Sachs 18.729 63 1 - -.729 Deutsche Bank 18.729 63 1 5 7.362-6.633 TOTAL 1% 8,575 11 1% Government 61% Financials 32% Consumer Discretionary 7% US Dollar International Sukuk: Manager ings History 2 15 1 5 Dubai Islamic Bank Citi CIMB Standard Chartered Bank Abu Dhabi Islamic Bank This table consists of International Sukuk issuances denominated in USD. This excludes bonds with warrants, Domestic Sukuk, credit-linked securities and structured notes. There is a minimum threshold of 18 months for maturities, call or put periods and USD 5MM minimum amount for self-led securities. Please see League Table Standards and Guidelines for further details. Bloomberg League Table Reports Page 4
Prelim Islamic Capital Markets Q1 218 Domestic Sukuk Domestic Sukuk: Industry Breakdown 6% 8% 23% Domestic Sukuk CIMB 1 26.873 1,16 3 2 27.14 -.267 RHB 2 22.829 985 15 4 12.367 1.462 Maybank 3 19.633 847 18 3 25.865-6.232 AmInvestment Bank Bhd 4 14.47 622 34 1 27.728-13.321 Kenanga Investment Bank Bhd 5 5.919 255 7 - - 5.919 6 4.746 25 5 - - 4.746 Affin Hwang Capital 7 3.544 153 5 - - 3.544 Mandiri Sekuritas PT 8.463 2 7 9.132.331 Indo Premier Securities 8.463 2 7 9.132.331 Bahana Securities 1.298 13 4 - -.298 Danareksa Sekuritas PT 1.298 13 4 - -.298 Public Bank Berhad 12.196 8 2 - -.196 Trimegah Securities 13.165 7 3 9.132.33 DBS Group 13.165 7 3 9.132.33 TOTAL 1% 4,315 66 1% This table consists of domestic Sukuk issuances. This excludes bonds with warrants, reverse convertibles, synthetic convertibles and structured notes. There is a minimum threshold of 12 months for maturities, call or put periods and USD 5MM minimum amount for self-led securities. Please see League Table Standards and Guidelines for further details. 19% 22% 22% Government 23% Industrials 22% Materials 22% Financials 19% Utilities 8% Others 6% Domestic Sukuk: Manager ings History 45 4 3 2 1 CIMB RHB Maybank AmInvestment Bank Bhd Kenanga Investment Bank Bhd Bloomberg League Table Reports Page 5
Prelim Islamic Capital Markets Q1 218 GCC Sukuk GCC Sukuk: Industry Breakdown 16% GCC Sukuk 26% 58% Standard Chartered Bank 1 17.818 677 6 3 1.75 7.68 Dubai Islamic Bank 2 13.94 498 4 5 9.235 3.859 3 11.449 435 3 1 11.255.194 Sharjah Islamic Bank 4 9.87 375 2 1 4.4 5.83 First Abu Dhabi Bank PJSC 5 8.291 315 3 1 11.255-2.964 Kuwait Finance House 6 6.711 255 2 6 7.576 -.865 Citi 7 5.1 19 2 7 7.215-2.214 JP Morgan 8 4.869 185 2 7 7.215-2.346 National Commercial Bank 9 3.422 13 1 - - 3.422 Bank ABC 1 3.29 125 1 9 5.556-2.266 Noor Bank 11 3.224 123 2 16 1.515 1.79 Emirates NBD PJSC 11 3.224 123 2 3 1.75-7.526 Nomura 13 1.645 63 1 - - 1.645 Alkhair International Islamic Bank Bhd 13 1.645 63 1 - - 1.645 Goldman Sachs 13 1.645 63 1 - - 1.645 Deutsche Bank 13 1.645 63 1 - - 1.645 Abu Dhabi Islamic Bank 17 1.579 6 1 - - 1.579 BNP Paribas 17 1.579 6 1 - - 1.579 TOTAL 1% 3,799 6 1% Financials 58% Government 26% Consumer Discretionary 16% GCC Sukuk: Manager ings History 35 3 2 1 Standard Chartered Bank Dubai Islamic Bank Sharjah Islamic Bank First Abu Dhabi Bank PJSC Kuwait Finance House This table consists of Sukuk issuances by issuers from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. This excludes bonds with warrants and credit-linked securities. There is a minimum threshold of 18 months for maturities, call or put periods and USD 5MM minimum amount for self-led securities. Please see League Table Standards and Guidelines for further details. Bloomberg League Table Reports Page 6
Prelim Islamic Capital Markets Q1 218 Malaysian Ringgit Sukuk Malaysian Ringgit Islamic Sukuk: Industry Breakdown 4% 16% 26% Malaysian Ringgit Islamic Sukuk Volume (MYR CIMB 1 31.127 6,335 61 2 27.914 3.213 Maybank 2 23.538 4,791 47 3 26.732-3.194 RHB 3 22.49 4,561 47 4 1.655 11.754 AmInvestment Bank Bhd 4 1.969 2,233 3 1 28.338-17.369 Kenanga Investment Bank Bhd 5 4.914 1, 7 - - 4.914 6 3.931 8 5 - - 3.931 Affin Hwang Capital 7 2.948 6 5 - - 2.948 Public Bank Berhad 8.165 34 2 - -.165 TOTAL 1% 2,352 9 1% This table consists of Sukuk issuances denominated in Malaysian Ringgit. This excludes bonds with warrants. There is a minimum threshold of 12 months for maturities, call or put periods, and USD 5MM minimum amount for self-led securities. Please see League Table Standards and Guidelines for further details. 17% Utilities 26% Materials 19% Industrials 18% Government 17% Financials 16% Others 4% 18% Malaysian Ringgit Islamic Sukuk: Manager ings History 5 4 3 2 1 CIMB Maybank 19% RHB AmInvestment Bank Bhd Kenanga Investment Bank Bhd Bloomberg League Table Reports Page 7
Prelim Islamic Capital Markets Q1 218 EMEA Islamic Financing: Bookrunner EMEA Islamic Financing: Industry Breakdown 4% EMEA Islamic Financing (Bookrunner) Credit Agricole CIB 1 1. 765 1 - - 1. Mitsubishi UFJ Financial Group Inc 1 1. 765 1 - - 1. Bank of China 1 1. 765 1 - - 1. Industrial & Comm Bank of China 1 1. 765 1 - - 1. JP Morgan 1 1. 765 1 - - 1. 1 1. 765 1 - - 1. Sumitomo Mitsui Financial 1 1. 765 1 - - 1. Citi 1 1. 765 1 - - 1. Standard Chartered Bank 1 1. 765 1 - - 1. Mizuho Financial 1 1. 765 1 - - 1. TOTAL 1% 7,65 1 1% Government 96% Others 4% 96% EMEA Islamic Financing: Bookrunner ings History 15 1 5 Credit Agricole CIB Mitsubishi UFJ Financial Group Inc Bank of China Industrial & Comm Bank of China JP Morgan Sumitomo Mitsui Financial Citi Standard Chartered Bank Mizuho Financial This table consists of Islamic financing with a market of syndication in the EMEA region. This excludes bilateral loans. There is a minimum threshold of 3 months for maturities. Please see League Table Standards and Guidelines for further details. Bloomberg League Table Reports Page 8
Prelim Islamic Capital Markets Q1 218 EMEA Islamic Financing: Mandated Lead Arranger EMEA Islamic Financing: Industry Breakdown 4% EMEA Islamic Financing (Mandated Lead Arranger) Credit Agricole CIB 1 8.333 638 1 - - 8.333 Mitsubishi UFJ Financial Group Inc 1 8.333 638 1 - - 8.333 Bank of China 1 8.333 638 1 - - 8.333 Industrial & Comm Bank of China 1 8.333 638 1 - - 8.333 JP Morgan 1 8.333 638 1 - - 8.333 1 8.333 638 1 3 12.651-4.318 Goldman Sachs 1 8.333 638 1 - - 8.333 Sumitomo Mitsui Financial 1 8.333 638 1 - - 8.333 Citi 1 8.333 638 1 - - 8.333 Standard Chartered Bank 1 8.333 638 1 - - 8.333 BNP Paribas 1 8.333 638 1 - - 8.333 Mizuho Financial 1 8.333 638 1 - - 8.333 TOTAL 1% 7,65 1 1% Government 96% Others 4% 96% EMEA Islamic Financing: Mandated Lead Arranger ings History 1 8 6 4 2 Standard Chartered Bank Credit Agricole CIB Mitsubishi UFJ Financial Group Inc Bank of China Industrial & Comm Bank of China JP Morgan Goldman Sachs Sumitomo Mitsui Financial Citi BNP Paribas Mizuho Financial This table consists of Islamic financing with a market of syndication in the EMEA region. This excludes bilateral loans. There is a minimum threshold of 3 months for maturities. Please see League Table Standards and Guidelines for further details. Bloomberg League Table Reports Page 9
Prelim Islamic Capital Markets Q1 218 EMEA Islamic Financing: Administrative Agent EMEA Islamic Financing: Industry Breakdown 4% EMEA Islamic Financing (Administrative Agent) Mizuho Financial 1 95.925 7,65 1 - - 95.925 Abu Dhabi Islamic Bank 2 4.75 325 1 3 4.348 -.273 TOTAL 1% 7,975 2 1% Government 96% Others 4% EMEA Islamic Financing: Administrative Agent ings History 1 Mizuho Financial 96% Abu Dhabi Islamic Bank This table consists of Islamic financing with a market of syndication in the EMEA region. This excludes bilateral loans. There is a minimum threshold of 3 months for maturities. Please see League Table Standards and Guidelines for further details. Bloomberg League Table Reports Page 1
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 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 1% to the 144A tranche and % to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 1% to the REG S tranche and % to the 144A tranche. Selfled 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 5 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 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.
League Tables Criteria 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 1% 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, 1% 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 1% credit to the bookrunner and % to all other syndicate participants. 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 $5 million issuance is split into three series- a $1 million Series A, a $2 million Series B, and a $2 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 $3 million, and Bank 2 would have one deal worth $2 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>. 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.