INDIA CAPITAL MARKETS - Bloomberg Finance L.P. · Bloomberg India Capital Markets | FY 2018...
Transcript of INDIA CAPITAL MARKETS - Bloomberg Finance L.P. · Bloomberg India Capital Markets | FY 2018...
INDIACAPITALMARKETSLEAGUE TABLESFY 2018
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.
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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
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
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BloombergLeagueTableReports Page2
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
EdelweissFinancialServicesLtd 8 3.663 33,991 11 11 3.583 0.080
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
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BloombergLeagueTableReports Page3
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%
Thistableconsistsofequity&rightsofferingsissuedbyIndianissuers.Thisexcludeslocalmarketsharesales,privateplacements,andself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials36%
Materials15%
Technology14%
Industrials12%
ConsumerDiscretionary7%
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
ShardulAmarchandMangaldas&Co
JSagarAssociates
10
20
30
40
MarketShare(%
)
0
50
2018 2017 2016
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BloombergLeagueTableReports Page4
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
ShardulAmarchandMangaldas&Co
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%
Thistableconsistsofequity&rightsofferingsissuedbyIndianissuers.Thisexcludeslocalmarketsharesales,privateplacements,andself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials36%
Materials15%
Technology14%
Industrials12%
ConsumerDiscretionary7%
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
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BloombergLeagueTableReports Page5
IndiaEquityIPO
FY2018 FY2017
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StateBankofIndia 1 10.456 38,517 8 17 2.125 8.331
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
IIFLHoldingsLtd 8 4.316 15,899 4 6 5.837 -1.521
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
AryamanFinancialServicesLtd 16 1.966 7,243 22 34 0.194 1.772
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%
ConsumerDiscretionary16%
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
Bloomberg IndiaCapitalMarkets|FY2018
BloombergLeagueTableReports Page6
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
StateBankofIndia 4 7.446 57,455 12 18 2.240 5.206
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
EdelweissFinancialServicesLtd 8 4.405 33,991 11 11 3.330 1.075
BankofAmericaMerrillLynch 9 3.779 29,159 4 10 4.315 -0.536
IIFLHoldingsLtd 10 3.445 26,588 10 9 4.854 -1.409
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
AryamanFinancialServicesLtd 19 0.962 7,425 23 46 0.077 0.885
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%
ConsumerDiscretionary8%
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
Bloomberg IndiaCapitalMarkets|FY2018
BloombergLeagueTableReports Page7
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
StandardCharteredBank 3 6.400 149,940 22 4 5.637 0.763
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
IndusindBankLtd 9 3.908 91,555 27 6 4.513 -0.605
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
StateBankofIndia 14 3.336 78,158 11 1 28.771 -25.435
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
MitsubishiUFJFinancialGroupInc
DBSGroup
L&TFinancialServices
5
10
15
MarketShare(%
)
0
20
2018 2017 2016
Bloomberg IndiaCapitalMarkets|FY2018
BloombergLeagueTableReports Page8
IndiaBorrowerLoans(MandatedLeadArranger)
FY2018 FY2017
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StateBankofIndia 1 12.274 381,691 24 1 29.122 -16.848
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
MitsubishiUFJFinancialGroupInc
5 5.034 156,562 25 9 2.739 2.295
L&TFinancialServices 6 4.089 127,151 33 5 4.320 -0.231
MizuhoFinancial 7 3.855 119,880 19 16 1.185 2.670
ICICI 8 3.686 114,614 15 3 7.736 -4.050
IndusindBankLtd 9 3.656 113,700 37 6 3.965 -0.309
DBSGroup 10 3.496 108,724 16 10 2.475 1.021
IDBIBankLtd 11 3.409 106,000 1 32 0.457 2.952
FirstAbuDhabiBankPJSC 12 3.329 103,510 19 14 1.351 1.978
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
SumitomoMitsuiFinancial 16 2.377 73,905 10 13 1.506 0.871
ANZBankingGroup 17 2.303 71,616 11 25 0.643 1.660
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
StandardCharteredBank
MitsubishiUFJFinancialGroupInc
L&TFinancialServices
10
20
MarketShare(%
)
0
30
2018 2017 2016
Bloomberg IndiaCapitalMarkets|FY2018
BloombergLeagueTableReports Page9
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
StandardCharteredBank 6 4.450 36,103 5 8 3.903 0.547
StateBankofIndia 7 3.669 29,760 3 1 39.516 -35.847
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
L&TFinancialServices
IndusindBankLtd
ICICI
StandardCharteredBank
10
20
MarketShare(%
)
0
30
2018 2017 2016
Bloomberg IndiaCapitalMarkets|FY2018
BloombergLeagueTableReports Page10
IndiaBorrowerLocalCurrencyLoans(MandatedLeadArranger)
FY2018 FY2017
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StateBankofIndia 1 21.170 259,906 9 1 42.699 -21.529
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
StandardCharteredBank 8 2.941 36,103 5 8 3.523 -0.582
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
L&TFinancialServices
IndusindBankLtd
IDBIBankLtd
10
20
30
40
MarketShare(%
)
0
45
2018 2017 2016
Bloomberg IndiaCapitalMarkets|FY2018
BloombergLeagueTableReports Page11
IndiaBorrowerForeignCurrencyLoans(Bookrunner)
FY2018 FY2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
MitsubishiUFJFinancialGroupInc
1 8.930 1,963 17 4 7.094 1.836
StandardCharteredBank 2 7.612 1,673 17 2 9.058 -1.446
DBSGroup 3 7.489 1,646 11 5 6.647 0.842
MizuhoFinancial 4 6.826 1,501 14 11 3.840 2.986
FirstAbuDhabiBankPJSC 5 6.378 1,402 14 7 5.370 1.008
Barclays 6 5.572 1,225 11 6 5.547 0.025
ANZBankingGroup 7 5.161 1,135 9 13 2.615 2.546
SumitomoMitsuiFinancial 8 5.079 1,117 9 8 4.686 0.393
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%
ConsumerDiscretionary5%
Others9%
IndiaBorrowerForeignCurrencyLoans:BookrunnerRankingsHistory
IndiaBorrowerForeignCurrencyLoans(Bookrunner):IndustryBreakdown
34%
19%
18%
14%
5%9%
MitsubishiUFJFinancialGroupInc
StandardCharteredBank
DBSGroup
MizuhoFinancial
FirstAbuDhabiBankPJSC
Barclays
2
4
6
8
MarketShare(%
)
0
10
2018 2017 2016
Bloomberg IndiaCapitalMarkets|FY2018
BloombergLeagueTableReports Page12
IndiaBorrowerForeignCurrencyLoans(MandatedLeadArranger)
FY2018 FY2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
MitsubishiUFJFinancialGroupInc
1 8.419 2,296 25 2 7.295 1.124
StandardCharteredBank 2 6.618 1,805 22 1 9.100 -2.482
StateBankofIndia 3 6.606 1,801 15 5 6.514 0.092
MizuhoFinancial 4 6.404 1,746 19 11 3.163 3.241
FirstAbuDhabiBankPJSC 5 5.476 1,493 19 9 3.608 1.868
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
ANZBankingGroup 11 3.791 1,034 11 18 1.721 2.070
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%
ConsumerDiscretionary5%
Others9%
IndiaBorrowerForeignCurrencyLoans:MandatedLeadArrangerRankingsHistory
IndiaBorrowerForeignCurrencyLoans(MandatedLeadArranger):IndustryBreakdown
34%
19%
18%
14%
5%9%
MitsubishiUFJFinancialGroupInc
StandardCharteredBank
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>.