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AUSTRALIA / NEW ZEALANDCAPITALMARKETSLEAGUE TABLESQ1 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
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.
MANAGER RANKINGS
AUSTRALIA / NZ CAPITAL MARKETS
DATA SUBMISSIONS AND QUERIES
Equities
Fixed Income
Loans
Contact EmailPhone
Q1 2019
© 2019 Bloomberg Finance L.P. All rights reserved.
Zhen Hao Toh
Jennifer Passos/ William Hau
Dave Lin
+65 6499 2931
+65 6231 9677 / +852 2977 4617
+852 2974 3196
apecdr@bloomberg.net
nimap@bloomberg.net
aploans@bloomberg.net
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page1
AustraliaBonds
Q12019 Q12018
Firm RankMkt
Share(%)Volume(AUD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
ANZBankingGroup 1 20.217 7,519 23 1 15.389 4.828
WestpacBanking 2 15.566 5,789 22 4 10.526 5.040
NationalAustraliaBank 3 15.213 5,658 15 3 10.915 4.298
CommonwealthBankAustralia 4 13.561 5,043 12 2 13.327 0.234
UBS 5 6.651 2,474 9 5 9.538 -2.887
TDSecurities 6 5.275 1,962 16 8 5.875 -0.600
DeutscheBank 7 4.991 1,856 10 6 8.421 -3.430
Nomura 8 4.431 1,648 15 11 3.103 1.328
JPMorgan 9 2.510 933 7 9 3.918 -1.408
RBCCapitalMarkets 10 2.258 840 8 10 3.912 -1.654
MizuhoFinancial 11 1.860 692 7 12 1.783 0.077
MorganStanley 12 1.512 562 2 17 0.830 0.682
HSBC 13 1.170 435 6 15 1.184 -0.014
DaiwaSecurities 14 0.847 315 9 13 1.490 -0.643
Morgans 15 0.840 312 1 16 1.060 -0.220
Shaw&PartnersLtd 15 0.840 312 1 - - 0.840
BankofAmericaMerrillLynch 17 0.672 250 1 14 1.442 -0.770
MitsubishiUFJFinancialGroupInc
17 0.672 250 1 19 0.268 0.404
Industrial&CommBankofChina
19 0.336 125 1 - - 0.336
SuncorpMetwayLtd 20 0.269 100 1 - - 0.269
TOTAL 100% 37,190 94 100%
ThistableconsistsofdebtsecuritiesdenominatedinAustralianDollars,withmarkettype"Australian","Domestic"or"DomesticMTN".Thisexcludesasset-backedsecurities,bondswithwarrants,convertiblesecurities,andcredit-linkednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials53%
Government40%
ConsumerDiscretionary5%
Others2%
AustraliaBonds:ManagerRankingsHistory
AustraliaBonds:IndustryBreakdown
53%40%
5%
ANZBankingGroup
WestpacBanking
NationalAustraliaBank
Comm
onwealthBankAustralia
UBS
TDSecurities
5
10
15
20
Marke
tSha
re(%
)
0
25
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page2
AustraliaKangarooBonds
Q12019 Q12018
Firm RankMkt
Share(%)Volume(AUD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
TDSecurities 1 19.473 1,787 15 1 17.832 1.641
Nomura 2 17.961 1,648 15 3 10.942 7.019
DeutscheBank 3 13.420 1,231 9 5 9.337 4.083
ANZBankingGroup 4 10.354 950 6 6 7.980 2.374
JPMorgan 5 10.173 933 7 4 9.613 0.560
RBCCapitalMarkets 6 9.151 840 8 2 12.439 -3.288
WestpacBanking 7 6.540 600 5 15 1.458 5.082
MizuhoFinancial 8 5.631 517 6 7 6.152 -0.521
DaiwaSecurities 9 3.433 315 9 8 5.627 -2.194
CommonwealthBankAustralia
10 2.884 265 3 13 2.301 0.583
HSBC 11 0.654 60 3 9 4.473 -3.819
BNPParibas 12 0.327 30 1 17 0.392 -0.065
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 9,174 55 100%
ThistableconsistsofAustralianKangaroobonds.Thisexcludesbondswithwarrantsandcredit-linkednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiods,andAUD65MMminimumforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government80%
ConsumerDiscretionary20%
AustraliaKangarooBonds:ManagerRankingsHistory
AustraliaKangarooBonds:IndustryBreakdown
80%
20%
TDSecurities
Nomura
DeutscheBank
ANZBankingGroup
JPMorgan
RBCCapitalMarkets
5
10
15
20
Marke
tSha
re(%
)
0
25
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page3
AustraliaDomesticnon-KangarooBonds
Q12019 Q12018
Firm RankMkt
Share(%)Volume(AUD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
ANZBankingGroup 1 25.128 6,569 17 1 18.171 6.957
NationalAustraliaBank 2 20.448 5,345 14 3 14.347 6.101
WestpacBanking 3 18.656 4,877 16 4 13.506 5.150
CommonwealthBankAustralia 4 18.281 4,779 9 2 17.341 0.940
UBS 5 8.268 2,161 8 5 12.528 -4.260
DeutscheBank 6 2.391 625 1 6 8.849 -6.458
HSBC 7 1.435 375 3 - - 1.435
BankofAmericaMerrillLynch 8 0.956 250 1 10 0.996 -0.040
MitsubishiUFJFinancialGroupInc
8 0.956 250 1 12 0.398 0.558
MorganStanley 8 0.956 250 1 12 0.398 0.558
MizuhoFinancial 11 0.669 175 1 16 0.230 0.439
TDSecurities 11 0.669 175 1 8 1.716 -1.047
Industrial&CommBankofChina
13 0.478 125 1 - - 0.478
SuncorpMetwayLtd 14 0.383 100 1 - - 0.383
FIIGSecuritiesLtd 15 0.210 55 1 - - 0.210
LaminarGroupPtyLtd 16 0.115 30 1 17 0.199 -0.084
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 26,140 38 100%
ThistableconsistsofAustraliannon-Kangaroobonds.Thisexcludesbondswithwarrants,credit-linkednotesandKangaroobonds.Thereisaminimumthresholdof12monthsformaturities,callorputperiods,andAUD65MMminimumforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials67%
Government29%
Others4%
AustraliaDomesticnon-KangarooBonds:ManagerRankingsHistory
AustraliaDomesticnon-KangarooBonds:IndustryBreakdown
67%
29%
4%
ANZBankingGroup
NationalAustraliaBank
WestpacBanking
Comm
onwealthBankAustralia
UBS
DeutscheBank
10
20
Marke
tSha
re(%
)
0
30
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page4
NewZealandBonds
Q12019 Q12018
Firm RankMkt
Share(%)Volume(NZD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
ANZBankingGroup 1 35.371 1,997 14 1 25.403 9.968
NationalAustraliaBank 2 33.806 1,908 7 2 21.318 12.488
CommonwealthBankAustralia 3 15.722 887 4 3 13.618 2.104
WestpacBanking 4 8.341 471 3 5 9.596 -1.255
DaiwaSecurities 5 2.657 150 1 - - 2.657
TDSecurities 6 1.151 65 1 6 7.228 -6.077
MitsubishiUFJFinancialGroupInc
7 0.886 50 1 - - 0.886
MorganStanley 7 0.886 50 1 - - 0.886
DeutscheBank 9 0.590 33 1 4 13.304 -12.714
ForsythBarrLtd 9 0.590 33 1 11 0.314 0.276
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 5,644 20 100%
Thistableconsistsofdebtsecurities,denominatedinNewZealandDollar,withmarkettype"Domestic"or"DomesticMTN".Thisexcludesbondswithwarrants,convertiblesecurities,andcredit-linkednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiods,andUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Government57%
Financials32%
Utilities6%
Others5%
NewZealandBonds:ManagerRankingsHistory
NewZealandBonds:IndustryBreakdown
57%32%
6%
5%
ANZBankingGroup
NationalAustraliaBank
Comm
onwealthBankAustralia
WestpacBanking
DaiwaSecurities
TDSecurities
10
20
30
Marke
tSha
re(%
)
0
40
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page5
Australia/NewZealandInternationalBonds
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Citi 1 12.398 2,595 13 2 8.595 3.803
HSBC 2 9.443 1,976 11 10 5.204 4.239
JPMorgan 3 7.094 1,485 7 3 8.503 -1.409
ANZBankingGroup 4 6.595 1,380 10 14 3.047 3.548
BankofAmericaMerrillLynch 5 5.563 1,164 4 5 5.845 -0.282
RBCCapitalMarkets 6 5.497 1,150 5 17 1.657 3.840
WestpacBanking 7 5.396 1,129 4 7 5.587 -0.191
MorganStanley 8 5.044 1,055 6 8 5.580 -0.536
UBS 9 4.895 1,024 5 11 4.974 -0.079
BNPParibas 10 4.789 1,002 8 9 5.244 -0.455
CommonwealthBankAustralia 11 4.471 936 5 6 5.734 -1.263
Barclays 12 3.970 831 4 16 1.866 2.104
CreditSuisse 13 3.617 757 4 4 6.300 -2.683
NationalAustraliaBank 14 3.275 685 3 15 2.470 0.805
DeutscheBank 15 3.233 676 3 12 4.329 -1.096
TDSecurities 16 2.389 500 1 21 0.786 1.603
GoldmanSachs 17 2.090 437 3 1 13.254 -11.164
DaiwaSecurities 18 1.758 368 2 - - 1.758
SumitomoMitsuiFinancial 18 1.758 368 2 28 0.426 1.332
MitsubishiUFJFinancialGroupInc
20 1.535 321 2 - - 1.535
TOTAL 100% 20,926 43 100%
ThistableconsistsofdebtsecuritieswithcountryofrisklocatedinAustraliaorNewZealand,andexcludesmarkettypesof"Australian","Domestic"and"DomesticMTN".Thisexcludesbondswithwarrants,credit-linkednotesandKangaroobonds.Thereisaminimumthresholdof18monthsformaturitiesandUSD100MMminimumissueamount.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials82%
Energy13%
Others5%
Australia/NewZealandInternationalBonds:ManagerRankingsHistory
Australia/NewZealandInternationalBonds:IndustryBreakdown
82%
13%
5%
Citi
HSBC
JPMorgan
ANZBankingGroup
BankofAmericaM
errillLynch
RBCCapitalMarkets
5
10
15
Marke
tSha
re(%
)
0
20
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page6
Australia/NewZealandEquity&RightsOfferings
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
UBS 1 40.256 836 4 1 36.395 3.861
Citi 2 14.731 306 3 4 4.476 10.255
GoldmanSachs 3 5.137 107 1 19 0.632 4.505
MorganStanley 3 5.137 107 1 2 21.449 -16.312
ForsythBarrLtd 5 4.475 93 1 38 0.120 4.355
Macquarie 6 3.921 81 2 3 4.946 -1.025
JPMorgan 7 3.125 65 2 5 4.266 -1.141
Morgans 8 2.601 54 5 7 2.536 0.065
BellPotterSecuritiesLtd 9 2.600 54 5 8 2.203 0.397
CanaccordGenuity 10 2.181 45 5 22 0.566 1.615
RBCCapitalMarkets 11 2.051 43 2 20 0.628 1.423
EurozSecurities 12 1.863 39 2 23 0.409 1.454
DeutscheBank 13 1.718 36 1 5 4.266 -2.548
Shaw&PartnersLtd 14 1.461 30 1 12 1.340 0.121
CenkosSecurities 15 0.743 15 1 24 0.342 0.401
ArgonautLtd 16 0.720 15 2 30 0.220 0.500
Moelis&Co 17 0.576 12 2 10 1.600 -1.024
BridgeStreetCapitalPartnersPtyLtd
18 0.573 12 4 56 0.039 0.534
TaylorCollisonLtd 19 0.517 11 7 18 0.637 -0.120
BlueOceanEquitiesPtyLtd 20 0.423 9 3 31 0.210 0.213
TOTAL 100% 2,076 89 100%
Thistableconsistsofequity&rightsofferingsissuedbyAustralianorNewZealandissuers.Thisexcludeslocalmarketsharesalesandself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Technology38%
Financials33%
Utilities9%
Materials7%
Others14%
Australia/NewZealandEquity&RightsOfferings:ManagerRankingsHistory
Australia/NewZealandEquity&RightsOfferings:IndustryBreakdown
38%
33%
9%
7%
14%
UBS Ci
ti
MorganStanley
Goldm
anSachs
ForsythBarrLtd
Macquarie
10
20
30
40
Marke
tSha
re(%
)
0
45
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page7
Australia/NewZealandEquity&RightsOfferings(LegalAdviser-Issuer)
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
BakerMcKenzie 1 23.333 133 3 - - 23.333
Gilbert+Tobin 2 19.896 114 3 3 2.011 17.885
MillsOakleyLawyers 3 17.679 101 1 - - 17.679
Sullivan&Cromwell 3 17.679 101 1 - - 17.679
ArnoldBlochLeibler 5 5.308 30 1 - - 5.308
HWLEbsworthLawyers 6 3.442 20 1 6 1.897 1.545
King&WoodMallesons 7 3.109 18 1 2 15.430 -12.321
BellanhouseLegal 8 2.412 14 2 14 0.316 2.096
ThomsonGeer 9 1.666 10 2 12 0.453 1.213
ColinBiggers&PaisleyLawyers
10 1.238 7 1 - - 1.238
FrostBrownToddLLC 10 1.238 7 1 15 0.269 0.969
Dentons 12 0.756 4 1 - - 0.756
AmitPollakMatalon&Co 13 0.751 4 1 - - 0.751
DLAPiperLLP 13 0.751 4 1 29 0.061 0.690
DuBoisBryant&CampbellLLP
15 0.315 2 1 - - 0.315
Moray&Agnew 15 0.315 2 1 - - 0.315
ClarkeKannLawyers 17 0.051 0.29 1 - - 0.051
Addisons 18 0.037 0.21 1 - - 0.037
NovaLegal 19 0.023 0.13 1 - - 0.023
- - - - - - - -
TOTAL 100% 571 19 100%
Thistableconsistsofequity&rightsofferingsissuedbyAustralianorNewZealandissuers.Thisexcludeslocalmarketsharesalesandself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Technology38%
Financials33%
Utilities9%
Materials7%
Others14%
Australia/NewZealandEquity&RightsOfferings:LegalAdviser-IssuerRankingsHistory
Australia/NewZealandEquity&RightsOfferings(LegalAdviser-Issuer):IndustryBreakdown
38%
33%
9%
7%
14%
BakerMcKenzie
Gilbert+Tobin
MillsOakleyLawyers
Sullivan&Crom
well
ArnoldBlochLeibler
HWLEbsworthLawyers
10
20
Marke
tSha
re(%
)
0
30
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page8
Australia/NewZealandEquity&RightsOfferings(LegalAdviser-Manager)
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HerbertSmithFreehills 1 37.343 213 1 6 0.583 36.760
Gilbert+Tobin 2 35.648 204 5 - - 35.648
SidleyAustinLLP 3 17.693 101 1 1 73.568 -55.875
BakerMcKenzie 4 8.695 50 1 3 4.536 4.159
CorrsChambersWestgarth
5 0.621 4 1 5 0.601 0.020
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 571 8 100%
Thistableconsistsofequity&rightsofferingsissuedbyAustralianorNewZealandissuers.Thisexcludeslocalmarketsharesalesandself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Technology38%
Financials33%
Utilities9%
Materials7%
Others14%
Australia/NewZealandEquity&RightsOfferings:LegalAdviser-ManagerRankingsHistory
Australia/NewZealandEquity&RightsOfferings(LegalAdviser-Manager):IndustryBreakdown
38%
33%
9%
7%
14%
HerbertSmithFreehills
Gilbert+Tobin
SidleyAustinLLP
BakerMcKenzie
CorrsChambersWestgarth
20
40
60
Marke
tSha
re(%
)
0
75
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page9
Australia/NewZealandMid-MarketEquity&Rights
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
BellPotterSecuritiesLtd 1 15.350 54 5 1 10.642 4.708
CanaccordGenuity 2 12.876 45 5 11 3.233 9.643
Macquarie 3 10.108 36 1 - - 10.108
Morgans 4 8.294 29 4 4 7.299 0.995
EurozSecurities 5 5.953 21 1 13 2.335 3.618
CenkosSecurities 6 4.389 15 1 15 1.956 2.433
ArgonautLtd 7 4.253 15 2 20 1.256 2.997
BridgeStreetCapitalPartnersPtyLtd
8 3.381 12 4 45 0.225 3.156
Citi 9 3.072 11 1 - - 3.072
TaylorCollisonLtd 10 3.051 11 7 9 3.640 -0.589
BlueOceanEquitiesPtyLtd 11 2.496 9 3 21 1.197 1.299
ArmadaCapitalLtd 12 2.441 9 1 - - 2.441
HartleysLtd 13 2.263 8 5 14 2.152 0.111
Curran&Co 14 2.140 8 1 - - 2.140
PatersonsSecuritiesLtd 15 2.066 7 5 2 7.680 -5.614
AshantiCapitalLtd 16 2.046 7 1 - - 2.046
PetraCapitalPtyLtd 17 1.906 7 1 6 5.732 -3.826
JettCapitalAdvisorsLLC 18 1.826 6 1 - - 1.826
WilsonsCorporateFinanceLtd 18 1.825 6 1 18 1.509 0.316
PeakAssetManagement 20 1.160 4 2 52 0.147 1.013
TOTAL 100% 351 73 100%
Thistableconsistsofequity&rightsofferingsissuedbyAustralianorNewZealandissuerswithamarketcapoflessthanAUD500million.Thisexcludeslocalmarketsharesalesandself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Materials31%
Technology15%
Communications14%
Energy12%
Industrials11%
ConsumerDiscretionary6%
Others10%
Australia/NewZealandMid-MarketEquity&Rights:ManagerRankingsHistory
Australia/NZMid-MarketEquity&Rights:IndustryBreakdown
31%
15%
14%
12%
11%
6%
10%
BellPotterSecuritiesLtd
CanaccordGenuity
Macquarie
Morgans
EurozSecurities
CenkosSecurities
5
10
15
Marke
tSha
re(%
)
0
20
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page10
Australia/NewZealandEquity,EQL&Preferred
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
UBS 1 30.339 1,058 5 1 26.149 4.190
Citi 2 11.655 406 4 9 2.889 8.766
MorganStanley 3 9.418 328 2 2 16.773 -7.355
Morgans 4 7.907 276 6 3 7.225 0.682
Shaw&PartnersLtd 5 7.229 252 2 18 0.865 6.364
WestpacBanking 6 6.358 222 1 8 2.930 3.428
JPMorgan 7 4.741 165 3 6 5.412 -0.671
GoldmanSachs 8 3.060 107 1 12 2.383 0.677
BankofAmericaMerrillLynch 9 2.879 100 1 - - 2.879
ForsythBarrLtd 10 2.666 93 1 43 0.078 2.588
Macquarie 11 2.336 81 2 7 3.192 -0.856
BellPotterSecuritiesLtd 12 1.549 54 5 14 1.422 0.127
CanaccordGenuity 13 1.299 45 5 27 0.365 0.934
RBCCapitalMarkets 14 1.222 43 2 25 0.405 0.817
EurozSecurities 15 1.110 39 2 28 0.264 0.846
DeutscheBank 16 1.023 36 1 4 6.591 -5.568
CenkosSecurities 17 0.443 15 1 29 0.221 0.222
ArgonautLtd 18 0.429 15 2 35 0.142 0.287
Moelis&Co 19 0.343 12 2 16 1.032 -0.689
BridgeStreetCapitalPartnersPtyLtd
20 0.341 12 4 61 0.025 0.316
TOTAL 100% 3,486 91 100%
Thistableconsistsofequity,equity-linked&preferredsecuritiesissuedbyAustralianorNewZealandissuers.Thisexcludesbondswithwarrants,creditlinkednotes,localmarketsharesalesandself-ledofferings.Thereisaminimumthresholdof12monthminimumcall,put&maturityperiods.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials67%
Technology18%
Others14%
Australia/NewZealandEquity,EQL&Preferred:ManagerRankingsHistory
Australia/NewZealandEquity,EQL&Preferred:IndustryBreakdown
67%
18%
14%
UBS Ci
ti
MorganStanley
Morgans
Shaw&PartnersLtd
WestpacBanking
10
20
30
Marke
tSha
re(%
)
0
35
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page11
Australia/NewZealandEquity,EQL&Rights
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
UBS 1 35.158 836 4 1 32.477 2.681
Citi 2 17.087 406 4 5 3.994 13.093
JPMorgan 3 6.951 165 3 6 3.807 3.144
GoldmanSachs 4 4.486 107 1 7 3.295 1.191
MorganStanley 4 4.486 107 1 2 19.140 -14.654
BankofAmericaMerrillLynch 6 4.221 100 1 - - 4.221
ForsythBarrLtd 7 3.909 93 1 39 0.107 3.802
Macquarie 8 3.425 81 2 4 4.413 -0.988
Morgans 9 2.271 54 5 9 2.263 0.008
BellPotterSecuritiesLtd 10 2.271 54 5 10 1.966 0.305
CanaccordGenuity 11 1.904 45 5 23 0.505 1.399
RBCCapitalMarkets 12 1.791 43 2 21 0.560 1.231
EurozSecurities 13 1.627 39 2 24 0.365 1.262
DeutscheBank 14 1.500 36 1 3 9.112 -7.612
Shaw&PartnersLtd 15 1.276 30 1 14 1.196 0.080
CenkosSecurities 16 0.649 15 1 25 0.306 0.343
ArgonautLtd 17 0.629 15 2 31 0.196 0.433
Moelis&Co 18 0.503 12 2 12 1.427 -0.924
BridgeStreetCapitalPartnersPtyLtd
19 0.500 12 4 57 0.035 0.465
TaylorCollisonLtd 20 0.451 11 7 20 0.569 -0.118
TOTAL 100% 2,377 90 100%
Thistableconsistsofequity,equity-linked&rightssecuritiesissuedbyAustralianorNewZealandissuers.Thisexcludesbondswithwarrants,creditlinkednotes,localmarketsharesalesandself-ledofferings.Thereisaminimumthresholdsof12monthminimumcall,put&maturityperiods.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials41%
Technology33%
Utilities8%
Materials6%
Others12%
Australia/NewZealandEquity,EQL&Rights:ManagerRankingsHistory
Australia/NewZealandEquity,EQL&Rights:IndustryBreakdown
41%
33%
8%
6%
12%
UBS Ci
ti
JPMorgan
MorganStanley
Goldm
anSachs
BankofAmericaM
errillLynch
10
20
30
Marke
tSha
re(%
)
0
40
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page12
Australia/NewZealandMid-MarketEquity&Rights
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
BellPotterSecuritiesLtd 1 15.350 54 5 1 10.642 4.708
CanaccordGenuity 2 12.876 45 5 11 3.233 9.643
Macquarie 3 10.108 36 1 - - 10.108
Morgans 4 8.294 29 4 4 7.299 0.995
EurozSecurities 5 5.953 21 1 13 2.335 3.618
CenkosSecurities 6 4.389 15 1 15 1.956 2.433
ArgonautLtd 7 4.253 15 2 20 1.256 2.997
BridgeStreetCapitalPartnersPtyLtd
8 3.381 12 4 45 0.225 3.156
Citi 9 3.072 11 1 - - 3.072
TaylorCollisonLtd 10 3.051 11 7 9 3.640 -0.589
BlueOceanEquitiesPtyLtd 11 2.496 9 3 21 1.197 1.299
ArmadaCapitalLtd 12 2.441 9 1 - - 2.441
HartleysLtd 13 2.263 8 5 14 2.152 0.111
Curran&Co 14 2.140 8 1 - - 2.140
PatersonsSecuritiesLtd 15 2.066 7 5 2 7.680 -5.614
AshantiCapitalLtd 16 2.046 7 1 - - 2.046
PetraCapitalPtyLtd 17 1.906 7 1 6 5.732 -3.826
JettCapitalAdvisorsLLC 18 1.826 6 1 - - 1.826
WilsonsCorporateFinanceLtd 18 1.825 6 1 18 1.509 0.316
PeakAssetManagement 20 1.160 4 2 52 0.147 1.013
TOTAL 100% 351 73 100%
Thistableconsistsofequity&rightsofferingsissuedbyAustralianorNewZealandissuerswithamarketcapoflessthanAUD500million.Thisexcludeslocalmarketsharesalesandself-ledofferings.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Materials31%
Technology15%
Communications14%
Energy12%
Industrials11%
ConsumerDiscretionary6%
Others10%
Australia/NewZealandMid-MarketEquity&Rights:ManagerRankingsHistory
Australia/NewZealandMid-MarketEquity&Rights
31%
15%
14%
12%
11%
6%
10%
BellPotterSecuritiesLtd
CanaccordGenuity
Macquarie
Morgans
EurozSecurities
CenkosSecurities
5
10
15
Marke
tSha
re(%
)
0
20
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page13
Australia/NewZealandLoans(Bookrunner)
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
ANZBankingGroup 1 20.603 2,518 8 1 33.427 -12.824
HSBC 2 13.049 1,595 4 13 0.820 12.229
CommonwealthBankAustralia 3 10.163 1,242 7 3 9.955 0.208
BankofChina 4 8.521 1,041 2 12 0.993 7.528
WestpacBanking 5 7.457 911 7 4 9.505 -2.048
NationalAustraliaBank 6 5.284 646 5 2 12.630 -7.346
MitsubishiUFJFinancialGroupInc
7 4.203 514 2 8 4.705 -0.502
MizuhoFinancial 8 3.754 459 2 5 6.276 -2.522
UnitedOverseasBank 9 3.577 437 3 9 3.633 -0.056
BNPParibas 10 3.276 400 2 19 0.146 3.130
INGGroep 11 3.249 397 1 15 0.229 3.020
MorganStanley 11 3.249 397 1 - - 3.249
SumitomoMitsuiFinancial 13 3.068 375 2 - - 3.068
Citi 14 3.056 373 1 17 0.147 2.909
ChinaConstructionBank 15 2.608 319 1 - - 2.608
Oversea-ChineseBankingCorp 15 2.608 319 1 - - 2.608
Rabobank 17 0.652 80 1 - - 0.652
GoldmanSachs 18 0.642 78 1 - - 0.642
Natixis 19 0.520 64 1 15 0.229 0.291
CreditAgricoleCIB 20 0.460 56 1 6 5.615 -5.155
TOTAL 100% 12,219 22 100%
ThistableconsistsofloanswithamarketofsyndicationasAustraliaorNewZealand.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials30%
Energy24%
Utilities12%
ConsumerDiscretionary11%
HealthCare9%
Others14%
Australia/NewZealandLoans:BookrunnerRankingsHistory
Australia/NewZealandLoans(Bookrunner):IndustryBreakdown
30%
24%12%
11%
9%
14%
ANZBankingGroup
HSBC
Comm
onwealthBankAustralia
BankofChina
WestpacBanking
NationalAustraliaBank
10
20
30
Marke
tSha
re(%
)
0
35
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page14
Australia/NewZealandLoans(MandatedLeadArranger)
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
ANZBankingGroup 1 15.795 2,365 12 1 17.383 -1.588
HSBC 2 8.588 1,286 7 14 1.778 6.810
CommonwealthBankAustralia 3 7.239 1,084 12 3 7.924 -0.685
BankofChina 4 7.199 1,078 9 6 5.243 1.956
WestpacBanking 5 5.941 890 13 4 7.892 -1.951
NationalAustraliaBank 6 5.864 878 10 2 9.851 -3.987
MitsubishiUFJFinancialGroupInc
7 4.766 714 8 5 5.478 -0.712
BankofCommunications 8 4.091 613 3 - - 4.091
AgriculturalBankofChina 9 3.178 476 3 46 0.162 3.016
INGGroep 10 2.530 379 5 15 1.746 0.784
Citi 11 2.494 373 1 19 1.317 1.177
Industrial&CommBankofChina
12 2.426 363 3 8 2.940 -0.514
MizuhoFinancial 13 2.305 345 3 12 2.674 -0.369
Oversea-ChineseBankingCorp 14 2.250 337 4 - - 2.250
Scotiabank 15 2.103 315 3 42 0.271 1.832
UnitedOverseasBank 16 2.047 307 4 11 2.735 -0.688
SumitomoMitsuiFinancial 17 2.034 305 4 7 3.754 -1.720
SocieteGenerale 18 2.011 301 2 13 2.295 -0.284
ChinaConstructionBank 19 1.927 289 2 20 1.283 0.644
CreditAgricoleCIB 20 1.791 268 4 10 2.851 -1.060
TOTAL 100% 14,973 30 100%
ThistableconsistsofloanswithamarketofsyndicationasAustraliaorNewZealand.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials30%
Energy24%
Utilities12%
ConsumerDiscretionary11%
HealthCare9%
Others14%
Australia/NewZealandLoans:MandatedLeadArrangerRankingsHistory
Australia/NewZealandLoans(MandatedLeadArranger):IndustryBreakdown
30%
24%12%
11%
9%
14%
ANZBankingGroup
HSBC
Comm
onwealthBankAustralia
BankofChina
WestpacBanking
NationalAustraliaBank
5
10
15
Marke
tSha
re(%
)
0
20
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page15
AustraliaBorrowerLoans(Bookrunner)
Q12019 Q12018
Firm RankMkt
Share(%)Volume(AUD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
HSBC 1 14.912 2,246 4 - - 14.912
ANZBankingGroup 2 13.811 2,080 8 1 26.837 -13.026
CommonwealthBankAustralia 3 11.240 1,693 6 3 11.628 -0.388
BankofChina 4 9.738 1,466 2 12 0.991 8.747
WestpacBanking 5 7.721 1,163 6 4 11.308 -3.587
MizuhoFinancial 6 5.274 794 3 5 7.455 -2.181
MitsubishiUFJFinancialGroupInc
7 4.993 752 2 8 5.611 -0.618
UnitedOverseasBank 8 4.094 616 3 9 4.093 0.001
BNPParibas 9 3.728 561 2 - - 3.728
INGGroep 10 3.669 553 1 13 0.270 3.399
MorganStanley 10 3.669 553 1 - - 3.669
SumitomoMitsuiFinancial 12 3.484 525 2 - - 3.484
NationalAustraliaBank 13 3.157 475 4 2 13.503 -10.346
ChinaConstructionBank 14 2.964 446 1 - - 2.964
Oversea-ChineseBankingCorp 14 2.964 446 1 - - 2.964
Barclays 16 0.996 150 1 - - 0.996
CTBCBank 16 0.996 150 1 - - 0.996
Rabobank 18 0.747 113 1 - - 0.747
GoldmanSachs 19 0.726 109 1 - - 0.726
Natixis 20 0.598 90 1 13 0.270 0.328
TOTAL 100% 15,059 18 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasAustraliaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials32%
Energy26%
Utilities13%
ConsumerDiscretionary12%
Materials7%
Industrials5%
Others5%
AustraliaBorrowerLoans:BookrunnerRankingsHistory
AustraliaBorrowerLoans(Bookrunner):IndustryBreakdown
32%
26%
13%
12%
7%
5%
5%
HSBC
ANZBankingGroup
Comm
onwealthBankAustralia
BankofChina
WestpacBanking
MizuhoFinancial
10
20
Marke
tSha
re(%
)
0
30
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page16
AustraliaBorrowerLoans(MandatedLeadArranger)
Q12019 Q12018
Firm RankMkt
Share(%)Volume(AUD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
ANZBankingGroup 1 9.392 1,838 12 1 11.793 -2.401
HSBC 2 9.255 1,811 7 18 1.447 7.808
BankofChina 3 7.771 1,521 9 6 5.417 2.354
CommonwealthBankAustralia 4 7.314 1,431 10 3 8.735 -1.421
WestpacBanking 5 5.587 1,093 11 4 8.734 -3.147
MitsubishiUFJFinancialGroupInc
6 5.145 1,007 8 5 6.104 -0.959
BankofCommunications 7 4.396 860 3 - - 4.396
UnitedOverseasBank 8 4.189 820 5 11 2.949 1.240
NationalAustraliaBank 9 3.867 757 8 2 10.631 -6.764
DBSGroup 10 3.766 737 4 24 1.024 2.742
AgriculturalBankofChina 11 3.461 677 3 45 0.126 3.335
MizuhoFinancial 12 3.236 633 4 9 2.975 0.261
INGGroep 13 2.702 529 5 14 1.897 0.805
Industrial&CommBankofChina
14 2.627 514 3 10 2.968 -0.341
Oversea-ChineseBankingCorp 15 2.449 479 4 - - 2.449
Scotiabank 16 2.249 440 3 39 0.302 1.947
SumitomoMitsuiFinancial 17 2.185 427 4 7 4.165 -1.980
SocieteGenerale 18 2.163 423 2 13 2.539 -0.376
ChinaConstructionBank 19 2.061 403 2 19 1.405 0.656
CreditAgricoleCIB 20 1.909 374 4 12 2.707 -0.798
TOTAL 100% 19,565 26 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasAustraliaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials32%
Energy26%
Utilities13%
ConsumerDiscretionary12%
Materials7%
Industrials5%
Others5%
AustraliaBorrowerLoans:MandatedLeadArrangerRankingsHistory
AustraliaBorrowerLoans(MandatedLeadArranger):IndustryBreakdown
32%
26%
13%
12%
7%
5%
5%
ANZBankingGroup
HSBC
BankofChina
Comm
onwealthBankAustralia
WestpacBanking
MitsubishiUFJFinancialGroupInc
5
10
Marke
tSha
re(%
)
0
15
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page17
NewZealandBorrowerLoans(Bookrunner)
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
ANZBankingGroup 1 70.143 1,146 1 1 89.210 -19.067
Citi 2 22.867 373 1 - - 22.867
WestpacBanking 3 4.898 80 1 - - 4.898
CommonwealthBankAustralia
4 2.093 34 1 - - 2.093
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,633 4 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasNewZealandandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
HealthCare65%
Communications21%
ConsumerStaples7%
Others7%
NewZealandBorrowerLoans:BookrunnerRankingsHistory
NewZealandBorrowerLoans(Bookrunner):IndustryBreakdown
65%
21%
7%
7%
ANZBankingGroup
Citi
WestpacBanking
Comm
onwealthBankAustralia
50
Marke
tSha
re(%
)
0
100
2019 2018 2017
Bloomberg Australia/NewZealandCapitalMarkets|Q12019
BloombergLeagueTableReports Page18
NewZealandBorrowerLoans(MandatedLeadArranger)
Q12019 Q12018
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
ANZBankingGroup 1 67.132 1,176 2 1 89.705 -22.573
Citi 2 21.312 373 1 - - 21.312
WestpacBanking 3 6.245 109 2 - - 6.245
CommonwealthBankAustralia
4 3.631 64 2 - - 3.631
NationalAustraliaBank 5 1.680 29 1 2 3.432 -1.752
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,752 6 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasNewZealandandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.Thereisaminimumthresholdof3monthsformaturities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
HealthCare65%
Communications21%
ConsumerStaples7%
Others7%
NewZealandBorrowerLoans:MandatedLeadArrangerRankingsHistory
NewZealandBorrowerLoans(MandatedLeadArranger):IndustryBreakdown
65%
21%
7%
7%
ANZBankingGroup
Citi
WestpacBanking
Comm
onwealthBankAustralia
NationalAustraliaBank
20
40
60
80
Marke
tSha
re(%
)
0
90
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>.
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