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INDIACAPITALMARKETSLEAGUE TABLESH1 2019
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
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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.
MANAGER RANKINGS
INDIA CAPITAL MARKETS
DATA SUBMISSIONS AND QUERIES
Equities
Fixed Income
Loans
Contact EmailPhone
H1 2019
© 2019 Bloomberg Finance L.P. All rights reserved.
Zhen Hao Toh
Dave Lin
Xin Yu Chen
+65 6499 2931
+852 2974 3196
+65 6212 1123
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page1
IndiaBonds
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
AxisBankLtd 1 29.133 704,825 162 1 26.021 3.112
ICICI 2 18.228 440,985 144 3 11.101 7.127
HDFCBank 3 11.384 275,424 101 2 13.719 -2.335
AKCapitalServices 4 5.968 144,373 165 9 3.734 2.234
YesBank 5 5.612 135,777 81 7 6.450 -0.838
KotakMahindraBankLtd 6 4.438 107,363 60 8 4.205 0.233
ICICISecuritiesPrimaryDealershipLtd
7 4.384 106,074 111 5 6.774 -2.390
StandardCharteredBank 8 3.515 85,050 9 18 0.642 2.873
StateBankofIndia 9 3.184 77,028 35 6 6.714 -3.530
PunjabNationalBank(India) 10 1.990 48,133 29 - - 1.990
TrustInvestmentAdvisorsPvtLtd 11 1.803 43,631 146 4 6.789 -4.986
EdelweissFinancialServicesLtd 12 1.492 36,104 124 11 2.250 -0.758
TipsonsConsultancyServices 13 1.361 32,924 51 17 0.681 0.680
Nomura 14 1.209 29,260 1 - - 1.209
DeutscheBank 15 0.971 23,500 3 23 0.292 0.679
LKP 16 0.895 21,663 20 12 1.476 -0.581
DeriviumCapital 17 0.883 21,360 17 19 0.608 0.275
IDFCBankLtd 18 0.879 21,276 15 22 0.394 0.485
Barclays 19 0.827 20,000 4 13 1.161 -0.334
Darashaw&Co 20 0.456 11,022 13 21 0.496 -0.040
TOTAL 100% 2,419,317 422 100%
ThistableconsistsofdebtsecuritiesdenominatedinIndianRupees,withmarkettype"Domestic"or"DomesticMTN".Thisexcludesasset-backedsecurities,bondswithwarrants,convertiblesecurities,andcredit-linkednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials62%
Government18%
Utilities11%
Others9%
IndiaBonds:ManagerRankingsHistory
IndiaBonds:IndustryBreakdown
62%18%
11%
9%
AxisBankLtd
ICICI
HDFCBank
AKCapitalServices
YesBank
KotakMahindraBankLtd
10
20
MarketShare(%
)
0
30
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page2
IndiaEquity&RightsOffering
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
MorganStanley 1 14.462 136,654 7 6 8.704 5.758
KotakMahindraBankLtd 2 11.835 111,831 7 2 10.729 1.106
BankofAmericaMerrillLynch 3 11.118 105,057 4 10 3.402 7.716
ICICI 4 8.612 81,373 5 5 9.148 -0.536
AxisBankLtd 5 8.199 77,469 9 4 9.986 -1.787
JPMorgan 6 6.830 64,534 3 11 2.391 4.439
GoldmanSachs 7 6.569 62,072 4 14 1.541 5.028
HSBC 8 5.905 55,797 4 - - 5.905
Citi 9 5.853 55,302 10 1 14.890 -9.037
HDFCBank 10 5.546 52,408 2 8 4.232 1.314
StateBankofIndia 11 5.291 50,000 1 3 10.307 -5.016
JMFinancialLtd 12 2.222 20,999 7 7 5.186 -2.964
EdelweissFinancialServicesLtd
13 1.294 12,226 4 9 3.941 -2.647
IIFLHoldingsLtd 14 1.053 9,951 3 12 1.905 -0.852
MonarchNetworthCapitalLtd 15 0.878 8,293 3 43 0.062 0.816
Nomura 16 0.817 7,721 2 23 0.537 0.280
CreditSuisse 17 0.674 6,367 2 18 1.014 -0.340
CITICSecurities 18 0.621 5,867 1 13 1.626 -1.005
DeutscheBank 19 0.419 3,958 1 - - 0.419
YesBank 20 0.407 3,848 2 16 1.083 -0.676
TOTAL 100% 944,915 68 100%
Thistableconsistsofequity&rightsofferingsissuedbyIndianissuers.Thisexcludesself-ledofferings.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Communications51%
Financials35%
Industrials6%
Others7%
IndiaEquity&RightsOffering:ManagerRankingsHistory
IndiaEquity&RightsOffering:IndustryBreakdown
51%
35%
6%
7%
MorganStanley
KotakMahindraBankLtd
BankofAmericaMerrillLynch
ICICI
AxisBankLtd
JPMorgan
5
10
MarketShare(%
)
0
15
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page3
IndiaEquity&RightsOffering(LegalAdviser-Issuer)
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
AZB&Partners 1 40.751 250,000 1 4 5.492 35.259
S&RAssociates 2 40.751 249,998 1 - - 40.751
CyrilAmarchandMangaldas 3 6.065 37,211 2 1 56.744 -50.679
CliffordChanceLLP 4 4.526 27,764 2 - - 4.526
ShardulAmarchandMangaldas&Co
5 2.675 16,412 1 6 3.529 -0.854
Khaitan&Co 6 1.655 10,153 2 2 12.641 -10.986
Luthra&LuthraLawOffices 7 1.071 6,568 2 3 10.759 -9.688
DSKLegal 8 0.786 4,820 1 8 1.761 -0.975
SquireSanders 9 0.416 2,554 1 - - 0.416
Bharucha&Partners 10 0.216 1,323 1 - - 0.216
MVKini&Co 11 0.208 1,276 7 11 0.465 -0.257
RajaniAssociates 12 0.205 1,260 4 13 0.243 -0.038
PerkinsCoieLLP 13 0.173 1,060 1 - - 0.173
SNG&Partners 13 0.173 1,060 1 9 0.804 -0.631
Kanga&Co 15 0.076 467 3 10 0.467 -0.391
SamvittiLegal 16 0.065 398 1 - - 0.065
JoyMukherjee&Associates 17 0.055 340 2 16 0.170 -0.115
MNMarfatiaAdvocate 18 0.048 293 1 22 0.055 -0.007
CrawfordBayley&Co 19 0.038 231 1 7 1.779 -1.741
HasurkarAssociates 20 0.027 166 1 - - 0.027
TOTAL 100% 613,483 35 100%
Thistableconsistsofequity&rightsofferingsissuedbyIndianissuers.Thisexcludesself-ledofferings.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Communications51%
Financials35%
Industrials6%
Others7%
IndiaEquity&RightsOffering:LegalAdviser-IssuerRankingsHistory
IndiaEquity&RightsOffering(LegalAdviser-Issuer):IndustryBreakdown
51%
35%
6%
7%
AZB&Partners
S&RAssociates
CyrilAmarchandMangaldas
CliffordChanceLLP
ShardulAmarchandMangaldas&Co
Khaitan&Co
20
40
MarketShare(%
)
0
60
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page4
IndiaEquity&RightsOffering(LegalAdviser-Manager)
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CyrilAmarchandMangaldas 1 40.223 249,998 1 3 11.244 28.979
Latham&WatkinsLLP 2 24.295 151,000 3 16 1.546 22.749
ShardulAmarchandMangaldas&Co
3 20.112 125,000 1 - - 20.112
S&RAssociates 4 7.641 47,492 4 7 5.014 2.627
Khaitan&Co 5 2.796 17,378 3 4 6.628 -3.832
SidleyAustinLLP 6 2.289 14,227 2 6 6.156 -3.867
CliffordChanceLLP 7 1.083 6,730 1 8 3.730 -2.647
AZB&Partners 8 0.969 6,021 1 1 22.750 -21.781
CrawfordBayley&Co 9 0.341 2,120 1 - - 0.341
SquireSanders 10 0.250 1,555 2 13 2.030 -1.780
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 621,522 13 100%
Thistableconsistsofequity&rightsofferingsissuedbyIndianissuers.Thisexcludesself-ledofferings.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Communications51%
Financials35%
Industrials6%
Others7%
IndiaEquity&RightsOffering:LegalAdviser-ManagerRankingsHistory
IndiaEquity&RightsOffering(LegalAdviser-Manager):IndustryBreakdown
51%
35%
6%
7%
CyrilAmarchandMangaldas
Latham&WatkinsLLP
ShardulAmarchandMangaldas&Co
S&RAssociates
Khaitan&Co
SidleyAustinLLP
10
20
30
40
MarketShare(%
)
0
45
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page5
IndiaEquityIPO
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
JMFinancialLtd 1 11.557 11,838 3 5 7.770 3.787
AxisBankLtd 2 11.396 11,672 3 2 12.902 -1.506
MorganStanley 3 9.206 9,429 2 17 1.405 7.801
KotakMahindraBankLtd 4 8.406 8,610 3 6 6.425 1.981
CreditSuisse 5 6.216 6,367 2 - - 6.216
GoldmanSachs 5 6.216 6,367 2 9 4.031 2.185
IIFLHoldingsLtd 7 6.055 6,202 2 13 2.232 3.823
BankofAmericaMerrillLynch 8 3.865 3,958 1 13 2.232 1.633
DeutscheBank 8 3.865 3,958 1 - - 3.865
HSBC 8 3.865 3,958 1 - - 3.865
JPMorgan 8 3.865 3,958 1 8 4.398 -0.533
Nomura 8 3.865 3,958 1 17 1.405 2.460
YesBank 13 3.757 3,848 2 11 2.832 0.925
HDFCBank 14 2.352 2,409 1 21 0.880 1.472
Citi 15 2.190 2,243 1 4 8.223 -6.033
EdelweissFinancialServicesLtd
15 2.190 2,243 1 7 5.137 -2.947
EquirusCapitalPvtLtd 17 2.070 2,120 1 - - 2.070
ElaraCapitalPLC 18 1.567 1,605 1 25 0.444 1.123
IDBIBankLtd 18 1.567 1,605 1 12 2.500 -0.933
FedexSecurities 20 1.067 1,092 3 47 0.017 1.050
TOTAL 100% 102,423 34 100%
ThistableconsistsofInitialPublicOfferingsissuedbyIndianissuers.Thisexcludesself-ledofferings.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials62%
Industrials21%
HealthCare12%
Others5%
IndiaEquityIPO:ManagerRankingsHistory
IndiaEquityIPO:IndustryBreakdown
62%
21%
12%
5%
JMFinancialLtd
AxisBankLtd
MorganStanley
KotakMahindraBankLtd
GoldmanSachs
CreditSuisse
5
10
MarketShare(%
)
0
15
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page6
IndiaEquityOfferings
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
MorganStanley 1 19.488 86,654 6 2 11.269 8.219
KotakMahindraBankLtd 2 13.905 61,831 6 7 5.369 8.536
Citi 3 12.437 55,302 10 1 19.278 -6.841
BankofAmericaMerrillLynch 4 12.382 55,058 3 9 4.405 7.977
ICICI 5 7.056 31,373 4 5 7.053 0.003
AxisBankLtd 6 6.178 27,469 8 4 8.138 -1.960
JMFinancialLtd 7 4.723 20,999 7 6 6.714 -1.991
JPMorgan 8 3.269 14,534 2 10 3.096 0.173
EdelweissFinancialServicesLtd
9 2.750 12,226 4 8 5.102 -2.352
GoldmanSachs 10 2.715 12,072 3 13 1.995 0.720
IIFLHoldingsLtd 11 2.238 9,951 3 11 2.466 -0.228
MonarchNetworthCapitalLtd 12 1.865 8,293 3 40 0.081 1.784
Nomura 13 1.737 7,721 2 20 0.695 1.042
CreditSuisse 14 1.432 6,367 2 17 1.312 0.120
CITICSecurities 15 1.319 5,867 1 12 2.105 -0.786
HSBC 16 1.304 5,797 3 - - 1.304
DeutscheBank 17 0.890 3,958 1 - - 0.890
YesBank 18 0.865 3,848 2 15 1.402 -0.537
HDFCBank 19 0.542 2,409 1 21 0.687 -0.145
EquirusCapitalPvtLtd 20 0.477 2,120 1 - - 0.477
TOTAL 100% 444,653 65 100%
ThistableconsistsofequityofferingsissuedbyIndianissuers.Thisexcludesself-ledofferings.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials73%
Industrials13%
Others14%
IndiaEquityOfferings:ManagerRankingsHistory
IndiaEquityOfferings:IndustryBreakdown
73%
13%
14%
MorganStanley
KotakMahindraBankLtd
Citi
BankofAmericaMerrillLynch
ICICI
AxisBankLtd
5
10
15
MarketShare(%
)
0
20
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page7
IndiaBorrowerLoans(Bookrunner)
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StateBankofIndia 1 24.724 365,942 7 4 7.228 17.496
AxisBankLtd 2 13.245 196,043 11 1 12.422 0.823
YesBank 3 9.083 134,436 27 2 9.469 -0.386
WestpacBanking 4 4.776 70,688 5 27 0.752 4.024
FirstAbuDhabiBankPJSC 5 4.209 62,303 9 12 2.910 1.299
MitsubishiUFJFinancialGroupInc
6 3.640 53,880 7 8 4.050 -0.410
SumitomoMitsuiFinancial 7 3.518 52,063 9 19 1.377 2.141
IndusindBankLtd 8 3.241 47,969 8 7 5.446 -2.205
DBSGroup 9 3.141 46,490 7 6 5.727 -2.586
ANZBankingGroup 10 2.842 42,061 6 15 2.271 0.571
StandardCharteredBank 11 2.840 42,028 10 3 9.118 -6.278
L&TFinancialServices 12 2.338 34,608 7 5 6.721 -4.383
Barclays 13 2.260 33,453 4 18 1.657 0.603
SocieteGenerale 14 2.081 30,805 2 20 1.371 0.710
MizuhoFinancial 15 1.831 27,103 6 10 3.269 -1.438
JPMorgan 16 1.809 26,778 1 20 1.371 0.438
Rabobank 16 1.809 26,778 1 - - 1.809
ICICI 18 1.577 23,334 4 9 3.957 -2.380
HSBC 19 1.426 21,102 6 14 2.410 -0.984
UnitedOverseasBank 20 1.071 15,851 5 28 0.583 0.488
TOTAL 100% 1,480,081 76 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Energy36%
Materials20%
Industrials16%
Financials15%
Others13%
IndiaBorrowerLoans:BookrunnerRankingsHistory
IndiaBorrowerLoans(Bookrunner):IndustryBreakdown
36%
20%
16%
15%
13%
StateBankofIndia
AxisBankLtd
YesBank
WestpacBanking
FirstAbuDhabiBankPJSC
MitsubishiUFJFinancialGroupInc
10
20
30
MarketShare(%
)
0
40
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page8
IndiaBorrowerLoans(MandatedLeadArranger)
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StateBankofIndia 1 24.008 389,975 8 1 9.144 14.864
AxisBankLtd 2 11.511 186,977 12 2 8.260 3.251
YesBank 3 8.276 134,436 27 5 6.200 2.076
MitsubishiUFJFinancialGroupInc
4 4.098 66,558 11 7 4.910 -0.812
StandardCharteredBank 5 3.480 56,529 12 4 6.418 -2.938
FirstAbuDhabiBankPJSC 6 3.375 54,827 10 15 2.698 0.677
SumitomoMitsuiFinancial 7 3.278 53,253 11 19 1.219 2.059
IndusindBankLtd 8 3.150 51,169 9 8 4.619 -1.469
L&TFinancialServices 9 2.880 46,783 7 6 5.400 -2.520
DBSGroup 10 2.267 36,822 7 12 3.275 -1.008
ANZBankingGroup 11 2.025 32,885 6 17 1.856 0.169
MizuhoFinancial 12 1.947 31,623 7 10 3.927 -1.980
HSBC 13 1.896 30,795 7 14 2.847 -0.951
ICICI 14 1.625 26,394 5 9 4.170 -2.545
Rabobank 15 1.600 25,985 3 - - 1.600
Barclays 16 1.495 24,276 4 18 1.434 0.061
JPMorgan 17 1.407 22,860 3 21 1.195 0.212
SocieteGenerale 18 1.347 21,879 2 30 0.707 0.640
IDBIBankLtd 19 1.207 19,599 2 3 7.627 -6.420
WestpacBanking 20 1.180 19,169 5 44 0.246 0.934
TOTAL 100% 1,624,326 83 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Energy36%
Materials20%
Industrials16%
Financials15%
Others13%
IndiaBorrowerLoans:MandatedLeadArrangerRankingsHistory
IndiaBorrowerLoans(MandatedLeadArranger):IndustryBreakdown
36%
20%
16%
15%
13%
StateBankofIndia
AxisBankLtd
YesBank
MitsubishiUFJFinancialGroupInc
StandardCharteredBank
FirstAbuDhabiBankPJSC
10
20
30
MarketShare(%
)
0
40
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page9
IndiaBorrowerLocalCurrencyLoans(Bookrunner)
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StateBankofIndia 1 40.947 291,280 2 5 7.401 33.546
AxisBankLtd 2 23.914 170,116 8 1 22.494 1.420
YesBank 3 17.248 122,692 25 2 17.201 0.047
IndusindBankLtd 4 6.743 47,969 8 4 12.324 -5.581
L&TFinancialServices 5 4.865 34,608 7 3 15.211 -10.346
GrasimIndustryLtd 6 1.712 12,175 1 - - 1.712
ICICI 7 1.504 10,700 2 6 5.852 -4.348
BankofBaroda 8 1.119 7,958 1 - - 1.119
StandardCharteredBank 9 1.096 7,797 2 7 4.751 -3.655
PunjabNationalBank(India) 10 0.527 3,750 1 - - 0.527
IndianRenewableEnergyDevelopmentAgencyL
11 0.199 1,415 1 - - 0.199
PTCFinancialServices 12 0.126 899 1 - - 0.126
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 711,359 53 100%
ThistableconsistsofloansdenominatedinINRwithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Energy41%
Industrials33%
Materials8%
Financials6%
Utilities5%
Others6%
IndiaBorrowerLocalCurrencyLoans:BookrunnerRankingsHistory
IndiaBorrowerLocalCurrencyLoans(Bookrunner):IndustryBreakdown
41%
33%
8%
6%
5%
6%
StateBankofIndia
AxisBankLtd
YesBank
IndusindBankLtd
L&TFinancialServices
GrasimIndustryLtd
10
20
30
40
MarketShare(%
)
0
50
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page10
IndiaBorrowerLocalCurrencyLoans(MandatedLeadArranger)
H12019 H12018
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StateBankofIndia 1 44.308 352,530 2 6 8.534 35.774
AxisBankLtd 2 20.839 165,800 8 2 14.812 6.027
YesBank 3 15.421 122,692 25 4 11.326 4.095
IndusindBankLtd 4 6.431 51,169 9 5 10.514 -4.083
L&TFinancialServices 5 5.880 46,783 7 3 12.290 -6.410
IDBIBankLtd 6 1.571 12,500 2 1 17.359 -15.788
StandardCharteredBank 7 1.522 12,114 3 8 3.128 -1.606
ICICI 8 1.345 10,700 2 7 7.784 -6.439
BankofBaroda 9 1.000 7,958 1 16 0.974 0.026
Rabobank 10 0.621 4,939 1 - - 0.621
MitsubishiUFJFinancialGroupInc 11 0.386 3,068 1 - - 0.386
SumitomoMitsuiFinancial 11 0.386 3,068 1 - - 0.386
IndianRenewableEnergyDevelopmentAgencyL
13 0.178 1,415 1 - - 0.178
PTCFinancialServices 14 0.113 899 1 - - 0.113
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 795,633 57 100%
ThistableconsistsofloansdenominatedinINRwithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Energy41%
Industrials33%
Materials8%
Financials6%
Utilities5%
Others6%
IndiaBorrowerLocalCurrencyLoans:MandatedLeadArrangerRankingsHistory
IndiaBorrowerLocalCurrencyLoans(MandatedLeadArranger):IndustryBreakdown
41%
33%
8%
6%
5%
6%
StateBankofIndia
AxisBankLtd
YesBank
IndusindBankLtd
L&TFinancialServices
IDBIBankLtd
10
20
30
40
MarketShare(%
)
0
50
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page11
IndiaBorrowerForeignCurrencyLoans(Bookrunner)
H12019 H12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StateBankofIndia 1 9.680 1,058 6 4 7.132 2.548
WestpacBanking 2 9.167 1,002 5 21 1.309 7.858
FirstAbuDhabiBankPJSC 3 8.087 884 9 7 5.294 2.793
MitsubishiUFJFinancialGroupInc
4 7.000 765 7 3 7.437 -0.437
SumitomoMitsuiFinancial 5 6.852 749 9 15 2.479 4.373
DBSGroup 6 6.013 657 7 2 8.000 -1.987
ANZBankingGroup 7 5.441 595 6 11 4.071 1.370
StandardCharteredBank 8 4.505 493 8 1 12.571 -8.066
Barclays 9 4.307 471 4 14 2.985 1.322
SocieteGenerale 10 3.948 432 2 16 2.387 1.561
MizuhoFinancial 11 3.571 390 6 5 5.943 -2.372
JPMorgan 12 3.430 375 1 16 2.387 1.043
Rabobank 12 3.430 375 1 - - 3.430
AxisBankLtd 14 3.363 368 3 8 4.414 -1.051
HSBC 15 2.775 303 6 10 4.295 -1.520
UnitedOverseasBank 16 2.079 227 5 22 1.091 0.988
BankofAmericaMerrillLynch 17 1.956 214 5 19 2.268 -0.312
ICICI 18 1.646 180 2 16 2.387 -0.741
Scotiabank 19 1.563 171 4 - - 1.563
YesBank 20 1.555 170 2 12 3.354 -1.799
TOTAL 100% 10,933 24 100%
ThistableconsistsofloansdenominatedinNon-INRwithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Energy31%
Materials31%
Financials23%
Communications6%
Others9%
IndiaBorrowerForeignCurrencyLoans:BookrunnerRankingsHistory
IndiaBorrowerForeignCurrencyLoans(Bookrunner):IndustryBreakdown
31%
31%
23%
6%9%
StateBankofIndia
WestpacBanking
FirstAbuDhabiBankPJSC
MitsubishiUFJFinancialGroupInc
SumitomoMitsuiFinancial
DBSGroup
2
4
6
8
MarketShare(%
)
0
10
2019 2018 2017
Bloomberg IndiaCapitalMarkets|H12019
BloombergLeagueTableReports Page12
IndiaBorrowerForeignCurrencyLoans(MandatedLeadArranger)
H12019 H12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
MitsubishiUFJFinancialGroupInc
1 7.685 907 10 3 8.878 -1.193
FirstAbuDhabiBankPJSC 2 6.616 780 10 8 4.803 1.813
SumitomoMitsuiFinancial 3 6.120 722 10 14 2.196 3.924
StandardCharteredBank 4 5.417 639 9 2 9.018 -3.601
StateBankofIndia 5 4.482 529 6 1 9.685 -5.203
DBSGroup 6 4.424 522 7 9 4.358 0.066
ANZBankingGroup 7 3.953 466 6 11 3.296 0.657
MizuhoFinancial 8 3.862 456 7 4 7.072 -3.210
HSBC 9 3.754 443 7 7 5.079 -1.325
Barclays 10 2.902 342 4 13 2.536 0.366
JPMorgan 11 2.729 322 3 16 2.070 0.659
SocieteGenerale 12 2.600 307 2 22 1.221 1.379
AxisBankLtd 13 2.546 300 4 12 3.124 -0.578
Rabobank 14 2.507 296 2 - - 2.507
WestpacBanking 15 2.310 273 5 35 0.425 1.885
ABNAmroBankNV 16 2.119 250 1 - - 2.119
FifthThirdBancorp 16 2.119 250 1 - - 2.119
IntesaSanpaolo 16 2.119 250 1 39 0.354 1.765
ICICI 19 1.889 223 3 21 1.299 0.590
KoreaDevelopmentBank 20 1.840 217 4 34 0.566 1.274
NorinchukinBank 20 1.840 217 4 - - 1.840
TOTAL 100% 11,796 27 100%
ThistableconsistsofloansdenominatedinNon-INRwithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Energy31%
Materials31%
Financials23%
Communications6%
Others9%
IndiaBorrowerForeignCurrencyLoans:MandatedLeadArrangerRankingsHistory
IndiaBorrowerForeignCurrencyLoans(MandatedLeadArranger):IndustryBreakdown
31%
31%
23%
6%9%
MitsubishiUFJFinancialGroupInc
FirstAbuDhabiBankPJSC
SumitomoMitsuiFinancial
StandardCharteredBank
StateBankofIndia
DBSGroup
5
10
MarketShare(%
)
0
15
2019 2018 2017
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>.