ECM StatShot
Strongest Start to a Year for Asia Pacific (ex Japan) ECM Volume in 2016
It’s the strongest start to a year for Asia Pacific (ex Japan) ECM volume, with a record high $16.5bn via 89 deals so far in 2016, over double the $6.3bn raised via 100 deals in 2015 YTD and surpassing the previous YTD record of $15.0bn (135 deals) in 2011
To access the ECM Statshot in full, please click here
Key highlights include: |
|
|
|
$14.3bn Record Year for Follow-on Volume in 2016 |
Follow-on Volume Follow-ons account for 87% of total volume with $14.3bn via 68 deals, over three times the $3.8bn (54 deals) issued in the same 2015 period, and the highest YTD volume on record. Finance issuer Bohai Leasing’s $2.5bn follow-on priced on January 7, via sole bookrunner GF Securities, is the largest ECM transaction to price globally so far in 2016 |
15% Year-on-Year Drop in Global ECM Volume |
Global ECM Volume In contrast, global ECM volume is down 15% year-on-year to $24.7bn via 136 deals, the lowest YTD volume since 2012 ($16.4bn). At this point last year, Santander’s $8.9bn accelerated offering had already completed, the biggest ECM transaction globally in 2015 |