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ASIA PACIFIC

CAPITAL
MARKETS
LEAGUE TABLES
FY 2018
FY 2018

MANAGER RANKINGS

ASIA PACIFIC CAPITAL MARKETS


The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans,
bonds, equity and M&A transactions; according to Bloomberg standards.

LEAG<GO> for a full range of league tables

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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.

DATA SUBMISSIONS AND QUERIES


Contact Phone Email
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Fixed Income Jennifer Passos +65 6231 9677 nimap@bloomberg.net

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Bloomberg APAC Capital Markets | FY 2018

Asia ex-Japan G3 Currency Bonds: Industry Breakdown

Asia Pacific Fixed Income


16%

5%

6%
Asia ex-Japan G3 Currency Bonds 52%
6%

FY 2018 FY 2017
15%
Mkt Volume (USD Deal Prev Prev Mkt Mkt Share
Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%)
HSBC 1 7.692 20,458 255 1 7.770 -0.078
Citi 2 5.737 15,259 155 2 6.632 -0.895 Financials 52%

Bank of China 3 5.101 13,566 214 4 5.226 -0.125 Government 15%

Standard Chartered Bank 4 4.555 12,114 163 3 5.725 -1.170 Materials 6%


Goldman Sachs 5 3.681 9,789 78 7 3.306 0.375 Utilities 6%
Bank of America Merrill Lynch 6 3.313 8,810 97 9 3.244 0.069 Industrials 5%
BNP Paribas 7 3.192 8,489 107 10 3.044 0.148 Others 16%
JP Morgan 8 2.941 7,822 80 6 3.827 -0.886
Morgan Stanley 9 2.719 7,231 87 8 3.280 -0.561
Credit Agricole CIB 10 2.705 7,195 86 19 1.969 0.736 Asia ex-Japan G3 Currency Bonds: Manager Rankings
Deutsche Bank 11 2.566 6,825 81 5 4.135 -1.569 History
DBS Group 12 2.449 6,513 101 14 2.879 -0.430
UBS 13 2.448 6,510 92 13 2.907 -0.459 2018 2017 2016
15
Industrial & Comm Bank of 14 2.336 6,212 132 11 3.016 -0.680
China
Credit Suisse 15 2.334 6,207 67 12 2.933 -0.599

Market Share (%)


10

Haitong Securities 16 2.310 6,144 120 16 2.287 0.023


Bank of Communications 17 2.278 6,058 103 18 1.975 0.303 5

Mizuho Financial 18 2.250 5,984 95 22 1.395 0.855


Barclays 19 2.070 5,505 52 17 2.019 0.051
0
Guotai Junan Securities 20 1.937 5,152 116 25 1.167 0.770

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TOTAL 100% 265,952 652 100%

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This table consists of debt & preferred securities issued by Asia excluding Japan issuers and denominated in USD, EUR or JPY. This excludes

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S

k
an
asset-backed securities, bonds with warrants, certificates of deposit, china commercial paper, convertible securities, credit-linked notes and

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supranational issuers. There is a minimum threshold of 18 months for maturities and USD 100MM minimum amount. Please see League Table
Standards and Guidelines for further details.

Bloomberg League Table Reports Page 1


Bloomberg APAC Capital Markets | FY 2018

Asia ex-Japan G3 Currency Bonds APAC ex-Japan G3 Currency Bonds


FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
HSBC 1 7.692 20,458 255 1 7.770 -0.078 HSBC 1 7.672 24,541 279 1 7.928 -0.256
Citi 2 5.737 15,259 155 2 6.632 -0.895 Citi 2 6.408 20,497 186 2 7.435 -1.027
Bank of China 3 5.101 13,566 214 4 5.226 -0.125 Bank of China 3 4.241 13,566 214 6 4.230 0.011
Standard Chartered Bank 4 4.555 12,114 163 3 5.725 -1.170 Goldman Sachs 4 4.206 13,455 92 9 3.368 0.838
Goldman Sachs 5 3.681 9,789 78 7 3.306 0.375 JP Morgan 5 4.005 12,811 110 3 5.492 -1.487
Bank of America Merrill Lynch 6 3.313 8,810 97 9 3.244 0.069 BNP Paribas 6 3.812 12,195 124 10 3.072 0.740
BNP Paribas 7 3.192 8,489 107 10 3.044 0.148 Bank of America Merrill Lynch 7 3.812 12,194 119 5 4.289 -0.477
JP Morgan 8 2.941 7,822 80 6 3.827 -0.886 Standard Chartered Bank 8 3.787 12,114 163 4 4.633 -0.846
Morgan Stanley 9 2.719 7,231 87 8 3.280 -0.561 Morgan Stanley 9 2.941 9,407 100 7 4.035 -1.094
Credit Agricole CIB 10 2.705 7,195 86 19 1.969 0.736 Deutsche Bank 10 2.796 8,943 91 8 3.846 -1.050
Deutsche Bank 11 2.566 6,825 81 5 4.135 -1.569 UBS 11 2.590 8,285 100 11 2.832 -0.242
DBS Group 12 2.449 6,513 101 14 2.879 -0.430 Credit Suisse 12 2.566 8,207 80 12 2.721 -0.155
UBS 13 2.448 6,510 92 13 2.907 -0.459 Credit Agricole CIB 13 2.291 7,328 87 19 1.742 0.549
Industrial & Comm Bank of China 14 2.336 6,212 132 11 3.016 -0.680 Mizuho Financial 14 2.060 6,589 99 21 1.385 0.675
Credit Suisse 15 2.334 6,207 67 12 2.933 -0.599 DBS Group 15 2.036 6,513 101 14 2.371 -0.335
Haitong Securities 16 2.310 6,144 120 16 2.287 0.023 Barclays 16 1.983 6,342 57 17 2.029 -0.046
Bank of Communications 17 2.278 6,058 103 18 1.975 0.303 Industrial & Comm Bank of China 17 1.942 6,212 132 13 2.440 -0.498
Mizuho Financial 18 2.250 5,984 95 22 1.395 0.855 Haitong Securities 18 1.921 6,144 120 18 1.892 0.029
Barclays 19 2.070 5,505 52 17 2.019 0.051 Bank of Communications 19 1.894 6,058 103 20 1.598 0.296
Guotai Junan Securities 20 1.937 5,152 116 25 1.167 0.770 ANZ Banking Group 20 1.841 5,890 65 15 2.189 -0.348
TOTAL 100% 265,952 652 100% TOTAL 100% 319,877 746 100%

Asia ex-Japan G3 Corporate High Yield Bonds Asia ex-Japan G3 Investment Grade Bonds
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Haitong Securities 1 9.942 3,598 70 1 9.289 0.653 HSBC 1 8.510 17,389 205 1 8.389 0.121
Credit Suisse 2 6.877 2,489 31 2 8.082 -1.205 Citi 2 6.669 13,628 137 2 7.784 -1.115
Guotai Junan Securities 3 6.507 2,355 57 12 3.046 3.461 Bank of China 3 5.160 10,545 162 4 5.110 0.050
China Citic Bank 4 5.593 2,024 31 3 6.022 -0.429 Standard Chartered Bank 4 4.467 9,128 126 3 5.948 -1.481
UBS 5 5.118 1,852 36 16 2.583 2.535 Goldman Sachs 5 3.994 8,162 63 5 3.923 0.071
HSBC 6 5.067 1,834 35 4 5.634 -0.567 Bank of America Merrill Lynch 6 3.993 8,160 83 6 3.911 0.082
China Everbright Bank 7 4.421 1,600 27 32 0.577 3.844 BNP Paribas 7 3.799 7,764 90 9 3.749 0.050
Deutsche Bank 8 4.052 1,467 29 5 5.185 -1.133 Credit Agricole CIB 8 3.394 6,936 81 14 2.590 0.804
Standard Chartered Bank 9 3.984 1,442 23 9 4.300 -0.316 JP Morgan 9 2.993 6,116 64 8 3.756 -0.763
Morgan Stanley 10 3.791 1,372 21 6 4.758 -0.967 Industrial & Comm Bank of China 10 2.757 5,635 118 12 3.189 -0.432
Bank of China 11 3.077 1,114 23 13 2.950 0.127 Bank of Communications 11 2.755 5,629 89 15 2.415 0.340
Industrial Securities 12 2.779 1,006 28 42 0.388 2.391 Morgan Stanley 12 2.707 5,532 59 10 3.349 -0.642
Orient Securities 13 2.680 970 22 37 0.405 2.275 Mizuho Financial 13 2.703 5,524 84 18 1.927 0.776
Goldman Sachs 14 2.560 926 10 11 3.046 -0.486 DBS Group 14 2.413 4,930 69 16 2.238 0.175
JP Morgan 15 2.249 814 11 8 4.362 -2.113 Deutsche Bank 15 2.352 4,807 49 7 3.784 -1.432
CITIC Securities 16 2.145 776 12 22 1.072 1.073 Barclays 16 2.164 4,423 41 17 2.144 0.020
Barclays 17 2.003 725 5 14 2.765 -0.762 UBS 17 2.018 4,123 48 13 2.820 -0.802
China Merchants Bank 18 1.959 709 17 30 0.709 1.250 Mitsubishi UFJ Financial Group Inc 18 1.785 3,647 42 21 1.651 0.134
Bank of America Merrill Lynch 19 1.796 650 14 17 1.926 -0.130 China Construction Bank 19 1.736 3,547 77 11 3.232 -1.496
VTB Capital 20 1.500 543 10 33 0.567 0.933 ANZ Banking Group 20 1.617 3,305 47 19 1.921 -0.304
TOTAL 100% 36,189 138 100% TOTAL 100% 204,343 429 100%

Bloomberg League Table Reports Page 2


Bloomberg APAC Capital Markets | FY 2018

APAC USD & EUR Currency Bonds Asia Bonds


FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Citi 1 7.261 28,559 226 1 8.111 -0.850 Bank of China 1 4.589 64,682 506 3 3.123 1.466
HSBC 2 6.717 26,419 291 3 6.906 -0.189 CITIC Securities 2 4.281 60,347 386 2 3.256 1.025
JP Morgan 3 5.305 20,865 149 2 6.984 -1.679 China Securities 3 3.751 52,877 462 7 2.798 0.953
Bank of America Merrill Lynch 4 5.262 20,697 162 4 5.330 -0.068 Industrial & Comm Bank of China 4 3.437 48,446 377 5 3.055 0.382
Goldman Sachs 5 5.071 19,944 120 5 4.980 0.091 Mizuho Financial 5 3.023 42,613 675 6 2.898 0.125
Morgan Stanley 6 4.376 17,212 133 6 4.527 -0.151 Morgan Stanley 6 2.882 40,628 546 1 3.957 -1.075
BNP Paribas 7 3.812 14,994 140 10 3.062 0.750 China Construction Bank 7 2.808 39,582 396 8 2.608 0.200
Bank of China 8 3.422 13,460 211 8 3.539 -0.117 Agricultural Bank of China 8 2.373 33,442 253 17 1.839 0.534
Standard Chartered Bank 9 3.145 12,370 165 7 3.877 -0.732 HSBC 9 2.332 32,867 404 9 2.570 -0.238
Mizuho Financial 10 2.950 11,602 124 14 2.072 0.878 Sumitomo Mitsui Financial 10 2.275 32,072 506 12 2.165 0.110
Barclays 11 2.603 10,239 76 11 2.530 0.073 Citi 11 2.260 31,850 285 4 3.076 -0.816
Deutsche Bank 12 2.596 10,210 99 9 3.514 -0.918 China Merchants Bank 12 2.232 31,456 307 23 1.533 0.699
Mitsubishi UFJ Financial Group Inc 13 2.355 9,263 69 20 1.602 0.753 China International Capital Corp 13 2.224 31,349 234 13 2.026 0.198
Sumitomo Mitsui Financial 14 2.313 9,099 54 25 1.094 1.219 Nomura 14 2.195 30,935 525 11 2.411 -0.216
UBS 15 2.217 8,720 103 12 2.483 -0.266 Industrial Bank 15 2.136 30,108 326 20 1.645 0.491
Credit Suisse 16 2.087 8,207 80 13 2.409 -0.322 Haitong Securities 16 2.021 28,489 342 16 1.919 0.102
Credit Agricole CIB 17 2.025 7,965 91 19 1.774 0.251 Guotai Junan Securities 17 1.802 25,398 290 10 2.437 -0.635
DBS Group 18 1.721 6,769 103 16 1.984 -0.263 Bank of Communications 18 1.788 25,203 275 29 1.262 0.526
Industrial & Comm Bank of China 19 1.579 6,212 132 15 2.042 -0.463 Shanghai Pudong Development Bank 19 1.754 24,722 281 24 1.505 0.249
Haitong Securities 20 1.562 6,144 120 21 1.583 -0.021 Daiwa Securities 20 1.746 24,614 491 15 1.947 -0.201
TOTAL 100% 393,321 841 100% TOTAL 100% 1,409,539 7,583 100%

Asia ex-Japan Bonds APAC Bonds


FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Bank of China 1 5.397 64,637 504 2 3.755 1.642 Bank of China 1 4.165 64,682 506 5 2.775 1.390
CITIC Securities 2 5.037 60,328 385 1 3.914 1.123 CITIC Securities 2 3.885 60,347 386 3 2.893 0.992
China Securities 3 4.415 52,877 462 4 3.363 1.052 China Securities 3 3.404 52,877 462 8 2.486 0.918
Industrial & Comm Bank of China 4 4.041 48,400 375 3 3.672 0.369 Industrial & Comm Bank of China 4 3.119 48,446 377 7 2.714 0.405
China Construction Bank 5 3.305 39,582 396 5 3.135 0.170 Morgan Stanley 5 2.830 43,947 573 1 3.933 -1.103
Agricultural Bank of China 6 2.792 33,442 253 11 2.210 0.582 Mizuho Financial 6 2.824 43,862 701 6 2.737 0.087
China Merchants Bank 7 2.626 31,456 307 15 1.843 0.783 Citi 7 2.700 41,929 339 2 3.634 -0.934
China International Capital Corp 8 2.617 31,349 234 9 2.435 0.182 China Construction Bank 8 2.548 39,582 396 10 2.317 0.231
HSBC 9 2.529 30,290 386 7 2.891 -0.362 HSBC 9 2.514 39,045 453 4 2.870 -0.356
Industrial Bank 10 2.514 30,108 326 13 1.978 0.536 Agricultural Bank of China 10 2.153 33,442 253 23 1.634 0.519
Haitong Securities 11 2.379 28,489 342 10 2.307 0.072 Sumitomo Mitsui Financial 11 2.146 33,336 519 13 1.992 0.154
Guotai Junan Securities 12 2.121 25,398 290 6 2.930 -0.809 Nomura 12 2.131 33,106 545 11 2.279 -0.148
Bank of Communications 13 2.104 25,203 275 19 1.518 0.586 China Merchants Bank 13 2.025 31,456 307 27 1.362 0.663
Shanghai Pudong Development Bank 14 2.062 24,697 280 16 1.809 0.253 China International Capital Corp 14 2.018 31,349 234 17 1.800 0.218
China Development Bank 15 1.914 22,929 165 21 1.468 0.446 Industrial Bank 15 1.938 30,108 326 24 1.462 0.476
China Merchants Securities 16 1.914 22,923 141 14 1.849 0.065 Haitong Securities 16 1.834 28,489 342 20 1.716 0.118
Citi 17 1.896 22,713 231 8 2.753 -0.857 Daiwa Securities 17 1.646 25,558 508 18 1.779 -0.133
China Citic Bank 18 1.734 20,768 261 17 1.623 0.111 ANZ Banking Group 18 1.641 25,487 202 19 1.728 -0.087
China Minsheng Banking Corp 19 1.632 19,547 249 27 1.185 0.447 Guotai Junan Securities 19 1.635 25,398 290 12 2.165 -0.530
Standard Chartered Bank 20 1.602 19,185 280 12 2.154 -0.552 Bank of Communications 20 1.623 25,203 275 33 1.122 0.501
TOTAL 100% 1,197,714 6,519 100% TOTAL 100% 1,553,161 8,091 100%

Bloomberg League Table Reports Page 3


Bloomberg APAC Capital Markets | FY 2018

APAC ex-Japan Bonds Asia Local Currency Bonds


FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

Bank of China 1 4.819 64,637 504 3 3.262 1.557 CITIC Securities 1 4.960 60,003 362 1 4.088 0.872
CITIC Securities 2 4.498 60,328 385 2 3.401 1.097 Bank of China 2 4.899 59,260 354 5 3.070 1.829
China Securities 3 3.942 52,877 462 6 2.922 1.020 China Securities 3 4.520 54,681 473 2 3.734 0.786
Industrial & Comm Bank of China 4 3.608 48,400 375 5 3.191 0.417 Industrial & Comm Bank of China 4 4.038 48,852 288 7 2.998 1.040
China Construction Bank 5 2.951 39,582 396 7 2.724 0.227 China Construction Bank 5 3.430 41,493 356 6 3.025 0.405
HSBC 6 2.719 36,468 435 4 3.202 -0.483 Mizuho Financial 6 3.147 38,068 661 4 3.353 -0.206
Agricultural Bank of China 7 2.493 33,442 253 14 1.921 0.572 Industrial Bank 7 2.801 33,881 313 11 2.561 0.240
Citi 8 2.445 32,792 285 1 3.452 -1.007 Agricultural Bank of China 8 2.784 33,682 206 12 2.303 0.481
China Merchants Bank 9 2.345 31,456 307 21 1.601 0.744 China Merchants Bank 9 2.725 32,964 274 16 2.018 0.707
China International Capital Corp 10 2.337 31,349 234 9 2.116 0.221 Nomura 10 2.537 30,691 596 9 2.891 -0.354
Industrial Bank 11 2.245 30,108 326 18 1.718 0.527 China International Capital Corp 11 2.440 29,519 171 13 2.300 0.140
Haitong Securities 12 2.124 28,489 342 11 2.017 0.107 Sumitomo Mitsui Financial 12 2.396 28,983 531 10 2.581 -0.185
Guotai Junan Securities 13 1.894 25,398 290 8 2.546 -0.652 Bank of Communications 13 2.290 27,706 225 23 1.346 0.944
Bank of Communications 14 1.879 25,203 275 28 1.319 0.560 China Development Bank 14 2.196 26,565 184 17 1.878 0.318
ANZ Banking Group 15 1.854 24,863 193 12 1.984 -0.130 Morgan Stanley 15 2.159 26,116 455 3 3.457 -1.298
Shanghai Pudong Development Bank 16 1.841 24,697 280 22 1.572 0.269 Shanghai Pudong Development Bank 16 2.139 25,880 257 15 2.054 0.085
UBS 17 1.745 23,403 193 10 2.073 -0.328 Daiwa Securities 17 2.022 24,461 502 14 2.174 -0.152
China Development Bank 18 1.709 22,929 165 29 1.276 0.433 Haitong Securities 18 1.911 23,115 228 18 1.848 0.063
China Merchants Securities 19 1.709 22,923 141 20 1.606 0.103 China Merchants Securities 19 1.907 23,072 139 19 1.722 0.185
China Citic Bank 20 1.548 20,768 261 25 1.410 0.138 Guotai Junan Securities 20 1.762 21,319 185 8 2.954 -1.192
TOTAL 100% 1,341,336 7,027 100% TOTAL 100% 1,209,735 8,312 100%

Asia ex-Japan Local Currency Bonds Asia ex-Japan & China Local Currency Bonds
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

CITIC Securities 1 5.708 60,003 362 1 4.807 0.901 HSBC 1 6.082 13,770 210 4 4.263 1.819
Bank of China 2 5.627 59,153 351 3 3.611 2.016 Axis Bank Ltd 2 5.305 12,010 228 1 6.431 -1.126
China Securities 3 5.202 54,681 473 2 4.391 0.811 KB Securities Co Ltd 3 4.242 9,603 186 10 3.051 1.191
Industrial & Comm Bank of China 4 4.647 48,852 288 5 3.526 1.121 Standard Chartered Bank 4 4.023 9,108 152 9 3.233 0.790
China Construction Bank 5 3.947 41,493 356 4 3.558 0.389 NH Investment & Securities Co Ltd 5 3.825 8,660 152 12 2.387 1.438
Industrial Bank 6 3.223 33,881 313 7 3.012 0.211 CIMB 6 3.456 7,824 261 3 4.865 -1.409
Agricultural Bank of China 7 3.204 33,682 206 8 2.708 0.496 HDFC Bank 7 3.318 7,513 144 2 5.488 -2.170
China Merchants Bank 8 3.136 32,964 274 11 2.374 0.762 DBS Group 8 3.169 7,174 158 7 3.357 -0.188
China International Capital Corp 9 2.808 29,519 171 9 2.705 0.103 Korea Investment & Securities Co 9 2.684 6,076 132 14 1.960 0.724
Bank of Communications 10 2.636 27,706 225 18 1.583 1.053 ICICI 10 2.593 5,870 194 6 3.468 -0.875
China Development Bank 11 2.527 26,565 184 12 2.208 0.319 Bank of Communications 11 2.446 5,539 31 109 0.109 2.337
Shanghai Pudong Development Bank 12 2.462 25,880 257 10 2.415 0.047 Mirae Asset Daewoo Co Ltd 12 2.295 5,197 105 18 1.665 0.630
Haitong Securities 13 2.199 23,115 228 13 2.174 0.025 Maybank 13 2.176 4,927 210 8 3.252 -1.076
China Merchants Securities 14 2.195 23,072 139 14 2.026 0.169 AmInvestment Bank Bhd 14 2.083 4,715 135 20 1.608 0.475
Guotai Junan Securities 15 2.028 21,319 185 6 3.474 -1.446 Kasikornbank PCL 15 2.042 4,623 135 21 1.514 0.528
China Minsheng Banking Corp 16 1.952 20,519 221 19 1.576 0.376 State Bank of India 16 1.735 3,927 56 5 3.493 -1.758
China Citic Bank 17 1.907 20,048 200 15 1.833 0.074 RHB 17 1.727 3,910 175 19 1.622 0.105
HSBC 18 1.763 18,537 301 17 1.590 0.173 Oversea-Chinese Banking Corp 18 1.654 3,745 81 16 1.885 -0.231
Ping An Insurance Group 19 1.564 16,437 147 24 1.301 0.263 Bank of Ayudhya PCL 19 1.624 3,678 63 24 1.389 0.235
China Everbright Bank 20 1.321 13,887 124 25 1.288 0.033 United Overseas Bank 20 1.554 3,518 84 27 1.119 0.435
TOTAL 100% 1,051,147 7,210 100% TOTAL 100% 226,406 3,253 100%

Bloomberg League Table Reports Page 4


Bloomberg APAC Capital Markets | FY 2018

ASEAN Local Currency Bonds Offshore China Bonds


FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

CIMB 1 10.100 7,776 260 1 13.997 -3.897 Bank of China 1 6.652 11,075 200 1 7.504 -0.852
DBS Group 2 8.104 6,239 136 3 7.354 0.750 HSBC 2 5.974 9,946 170 2 6.003 -0.029
Maybank 3 6.277 4,833 204 2 9.302 -3.025 Bank of Communications 3 3.733 6,216 101 11 2.965 0.768
AmInvestment Bank Bhd 4 6.124 4,715 135 6 4.666 1.458 Haitong Securities 4 3.669 6,109 119 8 3.595 0.074
Kasikornbank PCL 5 6.005 4,623 135 8 4.395 1.610 Industrial & Comm Bank of China 5 3.650 6,077 128 4 4.060 -0.410
RHB 6 5.079 3,910 175 5 4.708 0.371 Standard Chartered Bank 6 3.643 6,065 113 3 4.384 -0.741
Bank of Ayudhya PCL 7 4.777 3,678 63 11 4.032 0.745 Goldman Sachs 7 3.513 5,849 61 10 3.230 0.283
Oversea-Chinese Banking Corp 8 4.437 3,416 75 7 4.528 -0.091 China Citic Bank 8 2.934 4,884 96 14 2.633 0.301
Standard Chartered Bank 9 4.298 3,309 54 13 2.300 1.998 Guotai Junan Securities 9 2.797 4,657 113 21 1.728 1.069
United Overseas Bank 10 4.182 3,220 80 12 2.589 1.593 Credit Suisse 10 2.698 4,491 53 9 3.250 -0.552
Siam Commercial Bank PCL 11 4.167 3,209 72 10 4.089 0.078 JP Morgan 11 2.582 4,298 51 12 2.922 -0.340
Bangkok Bank PCL 12 3.862 2,973 101 9 4.339 -0.477 Industrial Bank 12 2.508 4,176 84 29 1.303 1.205
Krung Thai Bank 13 3.678 2,832 87 4 5.089 -1.411 China Everbright Bank 13 2.496 4,155 96 33 0.929 1.567
HSBC 14 3.077 2,369 34 14 2.221 0.856 UBS 14 2.430 4,046 68 16 2.574 -0.144
Thanachart Capital PCL 15 1.885 1,452 31 31 0.674 1.211 China Construction Bank 15 2.420 4,029 94 6 3.704 -1.284
Phatra Securities PCL 16 1.856 1,429 42 22 0.988 0.868 Mizuho Financial 16 2.349 3,911 72 30 1.136 1.213
Affin Hwang Capital 17 1.560 1,201 53 20 1.329 0.231 BNP Paribas 17 2.311 3,847 66 18 2.344 -0.033
China Banking Corp 18 1.521 1,171 22 25 0.889 0.632 Morgan Stanley 18 2.248 3,743 64 5 3.915 -1.667
Indo Premier Securities 19 1.473 1,134 149 16 1.815 -0.342 Citi 19 2.217 3,691 70 7 3.699 -1.482
Mandiri Sekuritas PT 20 1.312 1,010 136 17 1.737 -0.425 Credit Agricole CIB 20 2.140 3,563 53 22 1.702 0.438
TOTAL 100% 76,992 1,185 100% TOTAL 100% 166,492 447 100%

Bloomberg League Table Reports Page 5


Bloomberg APAC Capital Markets | FY 2018

APAC Equity, Equity Linked & Rights: Industry Breakdown

Asia Pacific Equity 5%

5%
6% 25%

7%

APAC Equity, Equity Linked & Rights 11%


16%
FY 2018 FY 2017
12%
14%
Mkt Volume (USD Deal Prev Prev Mkt Mkt Share
Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%)
Morgan Stanley 1 8.136 20,987 106 1 7.835 0.301
Goldman Sachs 2 6.886 17,762 74 2 6.946 -0.060 Financials 25%

Citi 3 5.878 15,162 101 5 3.878 2.000 Technology 16%

UBS 4 5.060 13,052 78 3 5.535 -0.475 Communications 14%

JP Morgan 5 4.842 12,491 71 7 3.494 1.348 Consumer Discretionary 12%


China International Capital 6 4.040 10,421 43 12 2.626 1.414 Industrials 11%
Corp Health Care 7%
Nomura 7 4.031 10,398 102 4 4.813 -0.782 Materials 6%
Bank of America Merrill Lynch 8 3.808 9,824 32 8 2.779 1.029 Energy 5%
Sumitomo Mitsui Financial 9 3.466 8,940 80 14 2.279 1.187 Others 5%
Credit Suisse 10 3.308 8,533 69 9 2.750 0.558
Daiwa Securities 11 2.874 7,414 48 10 2.748 0.126
Mizuho Financial 12 2.821 7,276 70 11 2.639 0.182
APAC Equity, Equity Linked & Rights: Manager Rankings
China Securities 13 2.422 6,249 36 16 1.605 0.817
History
CITIC Securities 14 2.119 5,467 45 6 3.526 -1.407
Deutsche Bank 15 2.041 5,264 42 13 2.401 -0.360 2018 2017 2016
10
Macquarie 16 1.513 3,904 24 18 1.507 0.006
Huatai Securities 17 1.419 3,661 20 29 0.833 0.586 8

China Merchants Securities 18 1.417 3,654 29 23 1.158 0.259

Market Share (%)


6
Haitong Securities 19 1.389 3,583 57 21 1.381 0.008
SBI Holdings Inc/Japan 20 1.365 3,521 17 106 0.080 1.285 4

TOTAL 100% 257,960 2,420 100% 2

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This table consists of equity, equity-linked and rights offerings issued by Asia Pacific issuers. This excludes bonds with warrants, credit linked

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Bloomberg League Table Reports Page 6
Bloomberg APAC Capital Markets | FY 2018

APAC Equity & Equity Linked APAC Equity Offerings


FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

Morgan Stanley 1 8.015 18,835 102 1 8.155 -0.140 Morgan Stanley 1 8.868 17,412 91 1 9.083 -0.215
Goldman Sachs 2 7.346 17,264 70 2 7.386 -0.040 Citi 2 7.033 13,809 93 5 4.245 2.788
Citi 3 6.356 14,938 99 5 3.767 2.589 Goldman Sachs 3 6.461 12,685 58 2 7.797 -1.336
JP Morgan 4 5.054 11,878 66 7 3.299 1.755 Bank of America Merrill Lynch 4 4.630 9,090 28 6 3.413 1.217
Nomura 5 4.322 10,158 101 3 5.231 -0.909 JP Morgan 5 4.615 9,061 52 9 2.937 1.678
Bank of America Merrill Lynch 6 4.165 9,787 31 9 2.912 1.253 Nomura 6 4.251 8,347 87 4 4.495 -0.244
China International Capital Corp 7 4.153 9,760 42 12 2.701 1.452 UBS 7 4.193 8,232 58 3 4.959 -0.766
Sumitomo Mitsui Financial 8 3.804 8,940 80 14 2.482 1.322 Sumitomo Mitsui Financial 8 4.165 8,178 75 10 2.853 1.312
UBS 9 3.712 8,723 61 4 4.878 -1.166 China International Capital Corp 9 4.159 8,165 36 18 1.495 2.664
Credit Suisse 10 3.427 8,054 66 11 2.712 0.715 Mizuho Financial 10 3.431 6,737 65 8 2.986 0.445
Daiwa Securities 11 3.155 7,414 48 8 2.992 0.163 Daiwa Securities 11 3.087 6,060 41 7 3.258 -0.171
Mizuho Financial 12 3.096 7,276 70 10 2.873 0.223 Credit Suisse 12 2.933 5,758 53 11 2.769 0.164
China Securities 13 2.255 5,299 34 15 1.747 0.508 CITIC Securities 13 2.071 4,067 39 12 2.380 -0.309
CITIC Securities 14 2.182 5,128 43 6 3.761 -1.579 Deutsche Bank 14 1.801 3,535 32 13 2.004 -0.203
Deutsche Bank 15 1.917 4,506 36 13 2.534 -0.617 SBI Holdings Inc/Japan 15 1.793 3,521 17 100 0.096 1.697
Huatai Securities 16 1.558 3,661 20 26 0.907 0.651 China Merchants Securities 16 1.602 3,145 27 21 1.270 0.332
China Merchants Securities 17 1.555 3,654 29 21 1.261 0.294 China Merchants Bank 17 1.414 2,776 26 36 0.576 0.838
SBI Holdings Inc/Japan 18 1.498 3,521 17 108 0.080 1.418 Huatai Securities 18 1.386 2,721 17 35 0.604 0.782
Haitong Securities 19 1.401 3,292 56 20 1.302 0.099 HSBC 19 1.218 2,392 19 19 1.452 -0.234
HSBC 20 1.304 3,064 24 19 1.380 -0.076 China Securities 20 1.179 2,315 21 16 1.517 -0.338
TOTAL 100% 235,012 2,266 100% TOTAL 100% 196,339 2,031 100%

APAC Equity Linked APAC ex-Japan Equity, Equity Linked & Rights
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

Goldman Sachs 1 11.842 4,580 12 4 5.359 6.483 Goldman Sachs 1 7.350 15,061 68 5 4.025 3.325
China Securities 2 7.716 2,984 13 10 2.887 4.829 Morgan Stanley 2 7.099 14,545 71 1 6.807 0.292
JP Morgan 3 7.284 2,817 14 6 5.083 2.201 Citi 3 6.748 13,827 93 3 4.788 1.960
Credit Suisse 4 5.936 2,296 13 11 2.431 3.505 UBS 4 6.105 12,508 73 2 6.462 -0.357
Nomura 5 4.684 1,811 14 2 8.865 -4.181 China International Capital Corp 5 5.086 10,421 43 8 3.288 1.798
China International Capital Corp 6 4.124 1,595 6 3 8.651 -4.527 JP Morgan 6 4.475 9,170 63 6 3.465 1.010
Morgan Stanley 7 3.680 1,423 11 9 3.576 0.104 Bank of America Merrill Lynch 7 4.223 8,653 27 10 2.306 1.917
Daiwa Securities 8 3.501 1,354 7 18 1.684 1.817 Credit Suisse 8 3.996 8,187 67 7 3.425 0.571
Citi 9 2.918 1,129 6 20 1.405 1.513 China Securities 9 3.050 6,249 36 12 2.009 1.041
CITIC Securities 10 2.743 1,061 4 1 10.575 -7.832 CITIC Securities 10 2.668 5,467 45 4 4.414 -1.746
Haitong Securities 11 2.633 1,018 9 - - 2.633 Deutsche Bank 11 2.417 4,951 39 9 2.873 -0.456
Deutsche Bank 12 2.510 971 4 5 5.148 -2.638 Macquarie 12 1.901 3,895 23 14 1.875 0.026
Huatai Securities 13 2.432 940 3 12 2.401 0.031 Huatai Securities 13 1.787 3,661 20 25 1.042 0.745
Minsheng Securities 14 2.250 870 6 36 0.490 1.760 China Merchants Securities 14 1.783 3,654 29 19 1.450 0.333
Sumitomo Mitsui Financial 15 1.968 761 5 31 0.650 1.318 Haitong Securities 15 1.749 3,583 57 17 1.729 0.020
Guotai Junan Securities 16 1.965 760 4 17 1.744 0.221 HSBC 16 1.495 3,064 24 15 1.842 -0.347
Bank of China 17 1.885 729 2 22 1.248 0.637 BNP Paribas 17 1.454 2,979 18 44 0.544 0.910
Bank of America Merrill Lynch 18 1.803 697 3 41 0.441 1.362 China Merchants Bank 18 1.355 2,776 26 42 0.550 0.805
Zhongtai Securities 19 1.785 690 3 44 0.400 1.385 Guotai Junan Securities 19 1.327 2,718 29 18 1.507 -0.180
BNP Paribas 20 1.773 686 3 - - 1.773 Bank of China 20 1.123 2,301 14 23 1.068 0.055
TOTAL 100% 38,673 235 100% TOTAL 100% 204,896 2,176 100%

Bloomberg League Table Reports Page 7


Bloomberg APAC Capital Markets | FY 2018

APAC ex-Japan Equity, EQL & Rights ex-CH A Shrs APAC ex-Japan Equity & Equity Linked
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

Morgan Stanley 1 8.886 14,545 71 1 9.101 -0.215 Goldman Sachs 1 8.004 14,563 64 5 4.256 3.748
Citi 2 8.273 13,542 90 3 6.306 1.967 Citi 2 7.476 13,603 91 4 4.749 2.727
Goldman Sachs 3 7.695 12,595 56 4 5.005 2.690 Morgan Stanley 3 6.812 12,394 67 1 7.099 -0.287
UBS 4 7.600 12,440 72 2 7.693 -0.093 China International Capital Corp 4 5.364 9,760 42 6 3.459 1.905
Bank of America Merrill Lynch 5 5.287 8,653 27 8 3.271 2.016 Bank of America Merrill Lynch 5 4.736 8,617 26 10 2.423 2.313
JP Morgan 6 5.246 8,587 61 5 4.708 0.538 JP Morgan 6 4.703 8,557 58 8 3.212 1.491
Credit Suisse 7 4.849 7,937 66 6 4.471 0.378 UBS 7 4.495 8,178 56 2 5.726 -1.231
Deutsche Bank 8 2.863 4,686 36 7 3.502 -0.639 Credit Suisse 8 4.236 7,708 64 7 3.452 0.784
Macquarie 9 2.379 3,895 23 9 2.660 -0.281 China Securities 9 2.912 5,299 34 11 2.238 0.674
China International Capital Corp 10 2.212 3,620 29 16 1.354 0.858 CITIC Securities 10 2.818 5,128 43 3 4.816 -1.998
BNP Paribas 11 1.820 2,979 18 30 0.772 1.048 Deutsche Bank 11 2.305 4,193 33 9 3.097 -0.792
Haitong Securities 12 1.786 2,923 48 21 1.146 0.640 Huatai Securities 12 2.012 3,661 20 22 1.161 0.851
China Merchants Bank 13 1.696 2,776 26 28 0.781 0.915 China Merchants Securities 13 2.008 3,654 29 17 1.615 0.393
CITIC Securities 14 1.693 2,772 31 15 1.374 0.319 Haitong Securities 14 1.809 3,292 56 16 1.668 0.141
HSBC 15 1.668 2,731 23 10 2.614 -0.946 HSBC 15 1.684 3,064 24 15 1.767 -0.083
China Merchants Securities 16 1.242 2,033 18 32 0.721 0.521 China Merchants Bank 16 1.525 2,776 26 36 0.613 0.912
China Construction Bank 17 1.231 2,015 29 27 0.812 0.419 BNP Paribas 17 1.470 2,674 16 48 0.473 0.997
Agricultural Bank of China 18 1.231 2,014 32 41 0.583 0.648 Guotai Junan Securities 18 1.334 2,427 28 19 1.361 -0.027
Industrial & Comm Bank of China 19 1.090 1,783 17 51 0.335 0.755 Bank of China 19 1.265 2,301 14 20 1.190 0.075
DBS Group 20 1.071 1,753 27 17 1.338 -0.267 China Construction Bank 20 1.108 2,015 29 42 0.525 0.583
TOTAL 100% 163,684 1,986 100% TOTAL 100% 181,949 2,022 100%

APAC ex-Japan Equity Offerings APAC ex-Japan Equity Linked


FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Citi 1 8.556 12,741 86 3 5.418 3.138 Goldman Sachs 1 12.840 4,299 9 5 4.975 7.865
Morgan Stanley 2 7.846 11,683 62 1 8.015 -0.169 China Securities 2 8.914 2,984 13 8 3.415 5.499
Goldman Sachs 3 6.893 10,265 55 4 4.081 2.812 JP Morgan 3 8.022 2,686 12 7 4.649 3.373
China International Capital Corp 4 5.484 8,165 36 14 1.940 3.544 Credit Suisse 4 6.857 2,296 13 9 2.875 3.982
Bank of America Merrill Lynch 5 5.318 7,919 23 8 2.837 2.481 China International Capital Corp 5 4.764 1,595 6 2 10.233 -5.469
UBS 6 5.163 7,688 53 2 5.801 -0.638 CITIC Securities 6 3.169 1,061 4 1 12.509 -9.340
JP Morgan 7 3.943 5,872 46 7 2.881 1.062 Haitong Securities 7 3.042 1,018 9 - - 3.042
Credit Suisse 8 3.635 5,412 51 5 3.568 0.067 Deutsche Bank 8 2.899 971 4 3 6.089 -3.190
CITIC Securities 9 2.731 4,067 39 6 3.088 -0.357 Huatai Securities 9 2.809 940 3 11 2.840 -0.031
Deutsche Bank 10 2.164 3,223 29 10 2.420 -0.256 Minsheng Securities 10 2.599 870 6 34 0.580 2.019
China Merchants Securities 11 2.112 3,145 27 17 1.647 0.465 Citi 11 2.576 862 5 17 1.662 0.914
China Merchants Bank 12 1.864 2,776 26 33 0.747 1.117 Guotai Junan Securities 12 2.270 760 4 15 2.063 0.207
Huatai Securities 13 1.827 2,721 17 32 0.783 1.044 Bank of China 13 2.178 729 2 19 1.477 0.701
HSBC 14 1.606 2,392 19 15 1.884 -0.278 Morgan Stanley 14 2.123 711 5 10 2.866 -0.743
China Securities 15 1.554 2,315 21 12 1.968 -0.414 Bank of America Merrill Lynch 15 2.083 697 3 38 0.521 1.562
Haitong Securities 16 1.527 2,274 47 11 2.032 -0.505 Zhongtai Securities 16 2.061 690 3 41 0.473 1.588
China Construction Bank 17 1.353 2,015 29 37 0.639 0.714 BNP Paribas 17 2.048 686 3 - - 2.048
Agricultural Bank of China 18 1.353 2,014 32 43 0.558 0.795 HSBC 18 2.008 672 5 22 1.210 0.798
BNP Paribas 19 1.336 1,989 13 40 0.576 0.760 Ping An Insurance Group 19 1.928 646 3 40 0.505 1.423
Industrial & Comm Bank of China 20 1.198 1,783 17 61 0.321 0.877 Changjiang Securities 20 1.768 592 3 - - 1.768
TOTAL 100% 148,904 1,812 100% TOTAL 100% 33,477 210 100%

Bloomberg League Table Reports Page 8


Bloomberg APAC Capital Markets | FY 2018

Asia ex-Japan Equity, Equity Linked & Rights Asia ex-Japan Equity, EQL & Rights ex-CH A Shares
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

Goldman Sachs 1 7.883 14,283 60 5 4.105 3.778 Morgan Stanley 1 8.625 12,072 61 1 8.420 0.205
Citi 2 6.701 12,141 77 2 5.031 1.670 Citi 2 8.470 11,855 74 2 6.935 1.535
Morgan Stanley 3 6.663 12,072 61 1 6.081 0.582 Goldman Sachs 3 8.443 11,817 48 3 5.297 3.146
China International Capital Corp 4 5.752 10,421 43 6 3.471 2.281 Bank of America Merrill Lynch 4 5.715 7,999 26 8 3.774 1.941
Bank of America Merrill Lynch 5 4.415 7,999 26 10 2.529 1.886 Credit Suisse 5 5.460 7,641 61 5 4.663 0.797
Credit Suisse 6 4.356 7,891 62 7 3.431 0.925 JP Morgan 6 5.189 7,263 49 6 4.371 0.818
JP Morgan 7 4.331 7,847 51 9 3.093 1.238 UBS 7 4.277 5,986 41 4 4.681 -0.404
China Securities 8 3.449 6,249 36 12 2.246 1.203 China International Capital Corp 8 2.587 3,620 29 20 1.288 1.299
UBS 9 3.342 6,054 42 4 4.299 -0.957 Deutsche Bank 9 2.338 3,273 27 7 3.965 -1.627
CITIC Securities 10 3.017 5,467 45 3 4.934 -1.917 BNP Paribas 10 2.128 2,979 18 29 0.908 1.220
Huatai Securities 11 2.021 3,661 20 24 1.165 0.856 Haitong Securities 11 2.073 2,902 47 19 1.347 0.726
China Merchants Securities 12 2.017 3,654 29 18 1.621 0.396 CITIC Securities 12 1.980 2,772 31 14 1.615 0.365
Haitong Securities 13 1.966 3,562 56 16 1.933 0.033 China Merchants Bank 13 1.968 2,754 25 27 0.918 1.050
Deutsche Bank 14 1.953 3,538 30 8 3.109 -1.156 HSBC 14 1.951 2,731 23 9 3.073 -1.122
HSBC 15 1.691 3,064 24 14 2.059 -0.368 China Merchants Securities 15 1.453 2,033 18 31 0.848 0.605
BNP Paribas 16 1.644 2,979 18 43 0.609 1.035 Agricultural Bank of China 16 1.439 2,014 32 39 0.685 0.754
China Merchants Bank 17 1.520 2,754 25 41 0.615 0.905 China Construction Bank 17 1.422 1,990 27 26 0.955 0.467
Guotai Junan Securities 18 1.500 2,718 29 17 1.684 -0.184 Industrial & Comm Bank of China 18 1.274 1,783 17 47 0.394 0.880
Bank of China 19 1.259 2,280 13 22 1.194 0.065 DBS Group 19 1.252 1,753 27 15 1.573 -0.321
Agricultural Bank of China 20 1.112 2,014 32 54 0.459 0.653 Kotak Mahindra Bank Ltd 20 1.042 1,458 14 11 2.189 -1.147
TOTAL 100% 181,176 1,542 100% TOTAL 100% 139,963 1,352 100%

Asia ex-Japan Equity & Equity Linked ASEAN Equity, Equity Linked & Rights
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Goldman Sachs 1 8.292 14,041 59 5 4.266 4.026 Credit Suisse 1 8.572 1,944 18 1 9.029 -0.457
Morgan Stanley 2 7.129 12,072 61 1 6.502 0.627 DBS Group 2 6.878 1,560 20 3 7.102 -0.224
Citi 3 7.037 11,917 75 3 4.959 2.078 JP Morgan 3 6.028 1,367 10 11 2.685 3.343
China International Capital Corp 4 5.764 9,760 42 6 3.712 2.052 Morgan Stanley 4 5.926 1,344 8 10 3.610 2.316
Bank of America Merrill Lynch 5 4.702 7,962 25 10 2.549 2.153 Bangkok Bank PCL 5 5.120 1,161 13 5 5.777 -0.657
JP Morgan 6 4.491 7,605 50 9 3.141 1.350 Deutsche Bank 6 4.960 1,125 6 12 2.674 2.286
Credit Suisse 7 4.427 7,496 60 7 3.498 0.929 Citi 7 4.622 1,048 13 8 4.455 0.167
UBS 8 3.348 5,670 41 4 4.474 -1.126 Goldman Sachs 8 4.493 1,019 4 13 2.646 1.847
China Securities 9 3.129 5,299 34 11 2.402 0.727 Phatra Securities PCL 9 3.676 834 7 20 1.239 2.437
CITIC Securities 10 3.028 5,128 43 2 5.168 -2.140 Maybank 10 3.607 818 12 9 4.054 -0.447
Huatai Securities 11 2.162 3,661 20 22 1.246 0.916 UBS 11 3.339 757 5 7 4.921 -1.582
China Merchants Securities 12 2.158 3,654 29 17 1.733 0.425 Siam Commercial Bank PCL 12 3.239 735 5 4 6.033 -2.794
Haitong Securities 13 1.932 3,271 55 16 1.790 0.142 Bank of America Merrill Lynch 13 3.132 710 6 16 2.418 0.714
Deutsche Bank 14 1.868 3,163 28 8 3.214 -1.346 Krung Thai Bank 14 3.038 689 3 27 0.709 2.329
HSBC 15 1.809 3,064 24 15 1.896 -0.087 HSBC 15 2.755 625 6 6 5.092 -2.337
China Merchants Bank 16 1.627 2,754 25 35 0.658 0.969 Viet Capital Securities JSC 16 2.629 596 3 49 0.182 2.447
BNP Paribas 17 1.579 2,674 16 47 0.507 1.072 Bank of Philippine Islands 17 2.536 575 4 57 0.111 2.425
Guotai Junan Securities 18 1.433 2,427 28 19 1.461 -0.028 BNP Paribas 18 1.856 421 3 21 1.205 0.651
Bank of China 19 1.347 2,280 13 20 1.277 0.070 First Metro Investment Corp 19 1.816 412 2 40 0.307 1.509
Agricultural Bank of China 20 1.189 2,014 32 49 0.491 0.698 CITIC Securities 20 1.704 386 4 18 1.650 0.054
TOTAL 100% 169,336 1,485 100% TOTAL 100% 22,679 365 100%

Bloomberg League Table Reports Page 9


Bloomberg APAC Capital Markets | FY 2018

APAC ex-Japan Loans (Mandated Lead Arranger):

Asia Pacific Syndicated Loans Industry Breakdown

7%

5%
8%
36%
APAC ex-Japan Loans (Mandated Lead Arranger)
9%

FY 2018 FY 2017
10%
Mkt Volume (USD Deal Prev Prev Mkt Mkt Share
12% 13%
Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%)
Bank of China 1 11.886 67,650 407 1 13.211 -1.325
ANZ Banking Group 2 3.981 22,658 209 2 3.957 0.024 Financials 36%

Industrial & Comm Bank of 3 3.581 20,382 138 8 2.501 1.080 Industrials 13%
China Energy 12%
HSBC 4 3.463 19,711 201 3 3.611 -0.148 Consumer Discretionary 10%
China Development Bank 5 3.231 18,392 15 25 1.238 1.993 Materials 9%
DBS Group 6 3.076 17,507 182 4 3.305 -0.229 Utilities 8%
Mitsubishi UFJ Financial Group 7 3.013 17,149 169 10 2.400 0.613 Technology 5%
Inc
Others 7%
Sumitomo Mitsui Financial 8 2.424 13,795 137 9 2.474 -0.050
Oversea-Chinese Banking Corp 9 2.319 13,197 116 14 1.958 0.361
National Australia Bank 10 2.307 13,130 109 19 1.742 0.565
APAC ex-Japan Loans: Mandated Lead Arranger
United Overseas Bank 11 2.241 12,757 111 16 1.905 0.336
Rankings History
Mizuho Financial 12 2.173 12,369 124 17 1.901 0.272
Standard Chartered Bank 13 2.161 12,298 151 6 2.779 -0.618 2018 2017 2016
15
Commonwealth Bank Australia 14 2.079 11,834 113 11 2.294 -0.215
China Construction Bank 15 1.834 10,438 84 12 2.196 -0.362
Westpac Banking 16 1.828 10,402 107 15 1.939 -0.111

Market Share (%)


10

China Citic Bank 17 1.811 10,307 24 36 0.668 1.143


KB Financial Group Inc 18 1.647 9,372 39 18 1.832 -0.185
5
Korea Development Bank 19 1.593 9,064 77 13 1.966 -0.373
Shinhan Financial Group Co Ltd 20 1.574 8,959 73 31 0.826 0.748
TOTAL 100% 569,144 1,627 100% 0

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Bloomberg League Table Reports Page 10
Bloomberg APAC Capital Markets | FY 2018

APAC ex-Japan Loans (Bookrunner) APAC ex-Japan Loans (Mandated Lead Arranger)
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

Bank of China 1 11.906 48,662 258 1 14.786 -2.880 Bank of China 1 11.886 67,650 407 1 13.211 -1.325
ANZ Banking Group 2 6.065 24,790 118 2 4.578 1.487 ANZ Banking Group 2 3.981 22,658 209 2 3.957 0.024
HSBC 3 4.230 17,286 98 6 3.339 0.891 Industrial & Comm Bank of China 3 3.581 20,382 138 8 2.501 1.080
China Development Bank 4 3.806 15,555 6 92 0.120 3.686 HSBC 4 3.463 19,711 201 3 3.611 -0.148
Standard Chartered Bank 5 3.238 13,232 105 5 3.809 -0.571 China Development Bank 5 3.231 18,392 15 25 1.238 1.993
Mitsubishi UFJ Financial Group Inc 6 2.860 11,691 76 14 2.020 0.840 DBS Group 6 3.076 17,507 182 4 3.305 -0.229
National Australia Bank 7 2.848 11,638 49 15 1.902 0.946 Mitsubishi UFJ Financial Group Inc 7 3.013 17,149 169 10 2.400 0.613
Commonwealth Bank Australia 8 2.723 11,131 53 9 2.394 0.329 Sumitomo Mitsui Financial 8 2.424 13,795 137 9 2.474 -0.050
DBS Group 9 2.677 10,941 88 11 2.186 0.491 Oversea-Chinese Banking Corp 9 2.319 13,197 116 14 1.958 0.361
Industrial & Comm Bank of China 10 2.521 10,304 38 8 2.453 0.068 National Australia Bank 10 2.307 13,130 109 19 1.742 0.565
Mizuho Financial 11 2.338 9,557 61 10 2.361 -0.023 United Overseas Bank 11 2.241 12,757 111 16 1.905 0.336
KB Financial Group Inc 12 2.239 9,150 30 7 2.889 -0.650 Mizuho Financial 12 2.173 12,369 124 17 1.901 0.272
Korea Development Bank 13 2.184 8,925 46 12 2.185 -0.001 Standard Chartered Bank 13 2.161 12,298 151 6 2.779 -0.618
China Citic Bank 14 2.153 8,799 13 60 0.299 1.854 Commonwealth Bank Australia 14 2.079 11,834 113 11 2.294 -0.215
China Construction Bank 15 1.930 7,890 34 19 1.420 0.510 China Construction Bank 15 1.834 10,438 84 12 2.196 -0.362
Sumitomo Mitsui Financial 16 1.921 7,853 63 21 1.320 0.601 Westpac Banking 16 1.828 10,402 107 15 1.939 -0.111
Shinhan Financial Group Co Ltd 17 1.859 7,597 56 25 1.180 0.679 China Citic Bank 17 1.811 10,307 24 36 0.668 1.143
United Overseas Bank 18 1.766 7,217 34 37 0.707 1.059 KB Financial Group Inc 18 1.647 9,372 39 18 1.832 -0.185
Credit Agricole CIB 19 1.747 7,141 30 31 0.814 0.933 Korea Development Bank 19 1.593 9,064 77 13 1.966 -0.373
Agricultural Bank of China 20 1.687 6,893 21 22 1.297 0.390 Shinhan Financial Group Co Ltd 20 1.574 8,959 73 31 0.826 0.748
TOTAL 100% 408,707 1,215 100% TOTAL 100% 569,144 1,627 100%

APAC ex-Japan G3 Currency Loans (Bookrunner) APAC ex-Japan G3 Currency Loans (Mandated Lead Arranger)
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

HSBC 1 5.677 8,446 56 3 5.337 0.340 Mitsubishi UFJ Financial Group Inc 1 4.823 9,590 95 7 3.317 1.506
Standard Chartered Bank 2 5.491 8,169 70 2 6.543 -1.052 Bank of China 2 4.801 9,545 76 1 9.466 -4.665
ANZ Banking Group 3 5.455 8,115 54 4 5.292 0.163 DBS Group 3 4.260 8,470 88 5 3.921 0.339
Mitsubishi UFJ Financial Group Inc 4 5.046 7,506 54 7 3.216 1.830 ANZ Banking Group 4 3.985 7,923 87 4 4.459 -0.474
DBS Group 5 4.474 6,656 53 6 4.348 0.126 HSBC 5 3.633 7,224 96 3 4.971 -1.338
Mizuho Financial 6 4.223 6,283 40 5 4.888 -0.665 Mizuho Financial 6 3.525 7,009 70 6 3.422 0.103
Industrial & Comm Bank of China 7 3.656 5,438 24 14 1.923 1.733 Standard Chartered Bank 7 3.403 6,765 96 2 5.061 -1.658
National Australia Bank 8 3.255 4,843 12 33 0.918 2.337 Sumitomo Mitsui Financial 8 3.221 6,405 70 8 3.249 -0.028
United Overseas Bank 9 3.159 4,700 22 26 1.175 1.984 Industrial & Comm Bank of China 9 3.070 6,105 61 13 2.048 1.022
Sumitomo Mitsui Financial 10 2.798 4,162 39 13 1.942 0.856 Oversea-Chinese Banking Corp 10 2.954 5,873 56 12 2.157 0.797
First Abu Dhabi Bank PJSC 11 2.752 4,094 36 18 1.335 1.417 United Overseas Bank 11 2.584 5,137 52 18 1.667 0.917
BNP Paribas 12 2.621 3,900 29 11 2.547 0.074 BNP Paribas 12 2.558 5,086 64 11 2.256 0.302
China Construction Bank 13 2.498 3,716 14 8 3.055 -0.557 National Australia Bank 13 2.400 4,771 22 28 0.988 1.412
Deutsche Bank 14 2.331 3,468 18 12 2.367 -0.036 First Abu Dhabi Bank PJSC 14 2.399 4,769 56 19 1.327 1.072
China Citic Bank 15 2.271 3,379 7 53 0.349 1.922 ING Groep 15 1.973 3,922 52 14 1.769 0.204
Credit Agricole CIB 16 2.123 3,158 15 20 1.285 0.838 China Citic Bank 16 1.948 3,874 11 42 0.661 1.287
Bank of China 17 2.107 3,135 26 1 10.965 -8.858 Societe Generale 17 1.929 3,836 40 27 1.057 0.872
Oversea-Chinese Banking Corp 18 2.012 2,994 25 21 1.232 0.780 China Construction Bank 18 1.927 3,832 34 10 2.540 -0.613
Citi 19 1.917 2,852 24 10 2.710 -0.793 Credit Agricole CIB 19 1.854 3,686 38 17 1.672 0.182
Credit Suisse 20 1.847 2,748 15 9 2.801 -0.954 Citi 20 1.848 3,674 43 9 2.892 -1.044
TOTAL 100% 148,769 341 100% TOTAL 100% 198,825 468 100%

Bloomberg League Table Reports Page 11


Bloomberg APAC Capital Markets | FY 2018

APAC ex-Japan Leveraged Loans (Bookrunner) APAC ex-Japan Leveraged Loans (Mandated Lead Arranger)
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Industrial & Comm Bank of China 1 10.288 2,424 3 3 5.530 4.758 Industrial & Comm Bank of China 1 5.239 1,328 3 4 4.529 0.710
China Construction Bank 2 7.172 1,690 1 - - 7.172 China Minsheng Banking Corp 2 4.971 1,260 4 17 2.257 2.714
Credit Agricole CIB 3 5.945 1,401 4 23 1.924 4.021 Credit Agricole CIB 3 4.730 1,199 5 44 0.305 4.425
Standard Chartered Bank 4 5.510 1,298 11 29 0.796 4.714 China Merchants Bank 4 4.705 1,193 2 1 9.686 -4.981
KB Financial Group Inc 5 4.512 1,063 4 49 0.122 4.390 KB Financial Group Inc 5 4.194 1,063 4 45 0.269 3.925
Bank of China 6 3.856 909 4 1 6.815 -2.959 NH Investment & Securities Co Ltd 6 3.954 1,002 6 33 0.641 3.313
Mirae Asset Daewoo Co Ltd 7 3.717 876 4 16 2.856 0.861 China Construction Bank 7 3.868 980 2 - - 3.868
NH Investment & Securities Co Ltd 8 3.683 868 5 31 0.573 3.110 Shinhan Financial Group Co Ltd 8 3.788 960 8 36 0.574 3.214
ANZ Banking Group 9 3.462 816 5 13 3.226 0.236 Mirae Asset Daewoo Co Ltd 9 3.535 896 5 14 2.656 0.879
Goldman Sachs 10 3.446 812 4 6 5.176 -1.730 Goldman Sachs 10 3.293 835 5 8 3.234 0.059
DBS Group 11 3.342 788 6 2 5.973 -2.631 Bank of China 11 3.253 825 8 2 9.006 -5.753
Sumitomo Mitsui Financial 12 3.076 725 4 41 0.325 2.751 HSBC 12 3.113 789 7 18 2.246 0.867
HSBC 13 2.624 618 4 7 4.812 -2.188 DBS Group 13 3.039 770 9 3 4.940 -1.901
Shinhan Financial Group Co Ltd 14 2.552 601 5 39 0.364 2.188 Hana Financial Group Inc 14 2.692 682 6 25 1.396 1.296
Oversea-Chinese Banking Corp 15 2.513 592 4 - - 2.513 Sumitomo Mitsui Financial 15 2.553 647 8 9 3.072 -0.519
Woori Bank 16 2.493 587 3 15 2.860 -0.367 Woori Bank 16 2.544 645 5 16 2.564 -0.020
Mitsubishi UFJ Financial Group Inc 17 2.449 577 2 3 5.530 -3.081 Standard Chartered Bank 17 2.535 643 11 60 0.167 2.368
ING Groep 18 2.157 508 6 - - 2.157 Mitsubishi UFJ Financial Group Inc 18 2.516 638 6 4 4.529 -2.013
Hana Financial Group Inc 19 2.105 496 3 39 0.364 1.741 China Cinda Asset Management 19 1.905 483 2 61 0.167 1.738
Deutsche Bank 20 1.749 412 3 22 1.960 -0.211 ING Groep 20 1.875 475 11 40 0.374 1.501
TOTAL 100% 23,564 51 100% TOTAL 100% 25,349 65 100%

APAC Project Finance Loans (Bookrunner) APAC Project Finance Loans (Mandated Lead Arranger)
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

China Development Bank 1 15.525 10,109 3 - - 15.525 China Development Bank 1 13.940 15,225 7 4 3.712 10.228
KB Financial Group Inc 2 8.170 5,320 5 3 6.501 1.669 Bank of China 2 6.748 7,371 24 1 20.409 -13.661
Korea Development Bank 3 6.827 4,445 6 7 3.469 3.358 Mitsubishi UFJ Financial Group Inc 3 4.978 5,437 40 7 2.923 2.055
Bank of China 4 6.282 4,091 12 1 26.367 -20.085 KB Financial Group Inc 4 4.888 5,339 6 3 4.173 0.715
Mizuho Financial 5 6.140 3,998 6 12 1.525 4.615 Industrial & Comm Bank of China 5 4.570 4,992 17 14 1.845 2.725
Mitsubishi UFJ Financial Group Inc 6 4.372 2,847 10 16 1.199 3.173 Mizuho Financial 6 4.093 4,470 26 5 3.207 0.886
Bank Mandiri 7 3.511 2,286 12 26 0.780 2.731 Sumitomo Mitsui Financial 7 3.765 4,112 31 6 2.945 0.820
HSBC 8 3.487 2,270 4 - - 3.487 State Bank of India 8 3.529 3,854 8 2 9.862 -6.333
Agricultural Bank of China 9 3.220 2,097 1 6 3.519 -0.299 Agricultural Bank of China 9 2.516 2,748 6 11 2.282 0.234
Standard Chartered Bank 10 3.168 2,063 3 51 0.192 2.976 Korea Development Bank 10 2.460 2,687 10 8 2.646 -0.186
United Overseas Bank 11 3.072 2,000 2 - - 3.072 National Australia Bank 11 2.138 2,335 32 22 1.069 1.069
Sumitomo Mitsui Financial 12 2.936 1,911 10 20 0.939 1.997 Bank Mandiri 12 2.128 2,324 19 33 0.611 1.517
Bank Negara Indonesia (Persero) Tbk PT 13 2.622 1,707 14 9 2.234 0.388 ANZ Banking Group 13 2.125 2,321 29 15 1.812 0.313
Industrial & Comm Bank of China 14 2.531 1,648 3 4 4.773 -2.242 Export-Import Bank of China 14 2.079 2,270 1 43 0.491 1.588
Axis Bank Ltd 15 2.301 1,499 11 5 3.699 -1.398 Commonwealth Bank Australia 15 1.876 2,049 30 16 1.489 0.387
National Australia Bank 16 2.204 1,435 10 42 0.368 1.836 HSBC 16 1.873 2,046 16 24 1.027 0.846
Development Bank of Japan 17 2.000 1,302 2 28 0.704 1.296 Westpac Banking 17 1.749 1,910 24 19 1.359 0.390
L&T Financial Services 18 1.811 1,180 18 10 1.885 -0.074 Bank Negara Indonesia (Persero) Tbk PT 18 1.716 1,874 18 17 1.421 0.295
Bank Central Asia 19 1.741 1,134 6 32 0.651 1.090 DBS Group 19 1.567 1,711 10 26 0.924 0.643
Yes Bank 20 1.680 1,094 12 13 1.479 0.201 United Overseas Bank 20 1.527 1,668 9 48 0.444 1.083
TOTAL 100% 65,113 147 100% TOTAL 100% 109,220 243 100%

Bloomberg League Table Reports Page 12


Bloomberg APAC Capital Markets | FY 2018

APAC ex-Japan Green Loans (Bookrunner) APAC ex-Japan Green Loans (Mandated Lead Arranger)
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
National Australia Bank 1 21.217 750 3 - - 21.217 Mitsubishi UFJ Financial Group Inc 1 8.627 850 15 12 2.375 6.252
Mitsubishi UFJ Financial Group Inc 2 20.557 726 4 - - 20.557 L&T Financial Services 2 6.266 617 12 3 7.702 -1.436
HSBC 3 12.519 442 2 - - 12.519 Westpac Banking 3 6.053 596 9 13 2.358 3.695
L&T Financial Services 4 11.114 393 9 3 10.610 0.504 ANZ Banking Group 4 5.816 573 8 27 1.058 4.758
Korea Development Bank 5 9.060 320 2 16 1.110 7.950 Bank of China 5 5.568 549 3 - - 5.568
Yes Bank 6 8.174 289 3 5 6.453 1.721 Industrial & Comm Bank of China 6 5.277 520 4 22 1.148 4.129
Bank of China 7 6.315 223 1 - - 6.315 ING Groep 7 4.585 452 5 - - 4.585
ING Groep 7 6.315 223 1 - - 6.315 Korea Development Bank 8 4.414 435 5 31 0.841 3.573
Sumitomo Mitsui Financial 9 2.372 84 1 - - 2.372 BNP Paribas 9 4.234 417 7 23 1.101 3.133
Indusind Bank Ltd 10 2.358 83 3 10 2.306 0.052 HSBC 10 4.091 403 5 - - 4.091
- - - - - - - - National Australia Bank 11 3.635 358 8 18 1.747 1.888
- - - - - - - - Mizuho Financial 12 3.238 319 8 29 0.882 2.356
- - - - - - - - Agricultural Bank of China 13 3.045 300 1 - - 3.045
- - - - - - - - China Minsheng Banking Corp 13 3.045 300 1 - - 3.045
- - - - - - - - Silk Road Fund Co Ltd 13 3.045 300 1 - - 3.045
- - - - - - - - Yes Bank 16 2.931 289 3 5 4.891 -1.960
- - - - - - - - Societe Generale 17 2.577 254 5 14 2.356 0.221
- - - - - - - - Commonwealth Bank Australia 18 2.564 253 7 15 2.349 0.215
- - - - - - - - Credit Agricole CIB 19 2.494 246 4 - - 2.494
- - - - - - - - Sumitomo Mitsui Financial 20 2.472 244 5 8 2.912 -0.440
TOTAL 100% 3,533 25 100% TOTAL 100% 9,852 49 100%

APAC ex-Japan Acquisition Loans (Bookrunner) APAC ex-Japan Acquisition Loans (Mandated Lead Arranger)
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)

ANZ Banking Group 1 7.676 3,287 14 5 2.749 4.927 China Citic Bank 1 6.354 3,175 6 21 1.171 5.183
China Citic Bank 2 6.494 2,781 3 24 1.030 5.464 China Merchants Bank 2 6.164 3,080 5 2 4.747 1.417
Industrial & Comm Bank of China 3 6.448 2,761 5 8 2.402 4.046 ANZ Banking Group 3 5.239 2,618 20 4 3.503 1.736
China Construction Bank 4 6.162 2,639 3 16 1.621 4.541 Industrial & Comm Bank of China 4 4.565 2,281 10 7 2.652 1.913
China Merchants Bank 5 4.612 1,975 1 4 3.405 1.207 Bank of China 5 3.710 1,854 18 1 24.686 -20.976
Mitsubishi UFJ Financial Group Inc 6 4.242 1,816 8 11 2.173 2.069 IDBI Bank Ltd 6 3.319 1,658 1 - - 3.319
Commonwealth Bank Australia 7 3.955 1,694 7 39 0.529 3.426 Mitsubishi UFJ Financial Group Inc 7 2.796 1,397 16 11 2.245 0.551
Standard Chartered Bank 8 3.877 1,660 14 18 1.411 2.466 China Construction Bank 8 2.782 1,390 6 13 1.914 0.868
Bank of China 9 3.755 1,608 9 1 31.277 -27.522 China Minsheng Banking Corp 9 2.694 1,346 6 19 1.462 1.232
Yes Bank 10 3.085 1,321 2 - - 3.085 Commonwealth Bank Australia 10 2.683 1,341 11 10 2.523 0.160
DBS Group 11 2.812 1,204 12 10 2.293 0.519 Yes Bank 11 2.644 1,321 2 75 0.119 2.525
BNP Paribas 12 2.109 903 7 6 2.578 -0.469 DBS Group 12 2.513 1,256 16 8 2.609 -0.096
Credit Suisse 13 1.948 834 2 15 1.723 0.225 Westpac Banking 13 2.470 1,234 12 3 3.543 -1.073
Westpac Banking 14 1.760 754 5 3 3.665 -1.905 Shinhan Financial Group Co Ltd 14 2.312 1,155 7 31 0.757 1.555
ING Groep 15 1.722 737 7 32 0.775 0.947 Standard Chartered Bank 15 2.239 1,119 14 12 2.186 0.053
Deutsche Bank 16 1.704 729 4 28 0.950 0.754 ING Groep 16 2.189 1,094 14 29 0.850 1.339
Societe Generale 17 1.672 716 4 - - 1.672 BNP Paribas 17 2.066 1,032 12 6 3.081 -1.015
Sumitomo Mitsui Financial 18 1.563 669 8 65 0.119 1.444 Societe Generale 18 2.047 1,023 9 33 0.725 1.322
Shinhan Financial Group Co Ltd 19 1.533 656 3 25 1.011 0.522 Korea Investment & Securities Co 19 1.650 824 6 51 0.342 1.308
Rabobank 20 1.502 643 4 - - 1.502 Natixis 20 1.527 763 4 36 0.649 0.878
TOTAL 100% 42,822 75 100% TOTAL 100% 49,965 97 100%

Bloomberg League Table Reports Page 13


Bloomberg APAC Capital Markets | FY 2018

Asia ex-Japan Loans (Bookrunner) Asia ex-Japan Loans (Mandated Lead Arranger)
FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Bank of China 1 14.197 46,983 250 1 16.737 -2.540 Bank of China 1 13.875 63,526 365 1 15.144 -1.269
China Development Bank 2 4.701 15,555 6 88 0.140 4.561 China Development Bank 2 4.017 18,392 15 20 1.494 2.523
Standard Chartered Bank 3 3.905 12,924 103 4 4.290 -0.385 Industrial & Comm Bank of China 3 3.635 16,641 102 7 2.662 0.973
HSBC 4 3.773 12,486 74 7 2.715 1.058 DBS Group 4 3.579 16,387 169 3 3.697 -0.118
DBS Group 5 3.183 10,535 86 10 2.392 0.791 HSBC 5 3.351 15,342 160 4 3.419 -0.068
Industrial & Comm Bank of China 6 2.787 9,222 35 6 2.743 0.044 Oversea-Chinese Banking Corp 6 2.743 12,558 106 11 2.142 0.601
KB Financial Group Inc 7 2.765 9,150 30 5 3.370 -0.605 Standard Chartered Bank 7 2.606 11,931 145 6 3.163 -0.557
Korea Development Bank 8 2.697 8,925 46 8 2.549 0.148 Mitsubishi UFJ Financial Group Inc 8 2.538 11,619 109 10 2.199 0.339
China Citic Bank 9 2.659 8,799 13 54 0.349 2.310 United Overseas Bank 9 2.462 11,271 97 12 2.124 0.338
China Construction Bank 10 2.384 7,890 34 17 1.505 0.879 China Citic Bank 10 2.251 10,307 24 31 0.807 1.444
Shinhan Financial Group Co Ltd 11 2.296 7,597 56 19 1.346 0.950 Sumitomo Mitsui Financial 11 2.112 9,670 97 14 2.052 0.060
Mitsubishi UFJ Financial Group Inc 12 2.254 7,458 54 14 1.741 0.513 KB Financial Group Inc 12 2.047 9,372 39 9 2.213 -0.166
Mizuho Financial 13 2.100 6,949 45 11 2.341 -0.241 Korea Development Bank 13 1.949 8,924 73 8 2.358 -0.409
United Overseas Bank 14 2.037 6,741 31 33 0.741 1.296 Shinhan Financial Group Co Ltd 14 1.937 8,871 70 26 0.977 0.960
Agricultural Bank of China 15 2.022 6,691 20 20 1.283 0.739 China Construction Bank 15 1.877 8,593 68 13 2.107 -0.230
Sumitomo Mitsui Financial 16 1.972 6,526 54 23 1.238 0.734 Mizuho Financial 16 1.754 8,031 80 16 1.822 -0.068
Bank of Taiwan 17 1.919 6,350 60 2 5.066 -3.147 Agricultural Bank of China 17 1.718 7,864 49 23 1.206 0.512
Mega Financial Holding 18 1.793 5,932 60 27 0.950 0.843 State Bank of India 18 1.345 6,159 33 2 3.898 -2.553
ANZ Banking Group 19 1.571 5,200 45 13 1.748 -0.177 BNP Paribas 19 1.336 6,116 77 25 1.072 0.264
Oversea-Chinese Banking Corp 20 1.533 5,073 37 36 0.659 0.874 ANZ Banking Group 20 1.310 5,996 74 21 1.459 -0.149
TOTAL 100% 330,923 1,046 100% TOTAL 100% 457,862 1,366 100%

North Asia Loans (Bookrunner) North Asia Loans (Mandated Lead Arranger)
FY 2018 FY 2017 FY 2018 FY 2017

Mkt Volume (USD Deal Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Firm Rank Share(%) Mln) Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
Bank of China 1 19.522 59,930 329 1 21.997 -2.475
Bank of China 1 19.983 45,914 242 1 24.441 -4.458 China Development Bank 2 5.991 18,392 15 11 2.269 3.722
China Development Bank 2 6.770 15,555 6 74 0.144 6.626 Industrial & Comm Bank of China 3 4.985 15,304 87 4 3.521 1.464
KB Financial Group Inc 3 3.982 9,150 30 3 5.090 -1.108 China Citic Bank 4 3.319 10,188 23 19 1.235 2.084
China Citic Bank 4 3.830 8,799 13 34 0.528 3.302 HSBC 5 3.307 10,152 104 3 3.865 -0.558
Korea Development Bank 5 3.804 8,741 43 5 3.681 0.123 KB Financial Group Inc 6 3.051 9,366 38 5 3.385 -0.334
Industrial & Comm Bank of China 6 3.526 8,102 29 6 3.402 0.124 Shinhan Financial Group Co Ltd 7 2.864 8,792 66 15 1.494 1.370
HSBC 7 3.451 7,928 49 7 3.090 0.361 Korea Development Bank 8 2.731 8,383 66 6 3.365 -0.634
China Construction Bank 8 3.337 7,667 31 12 1.868 1.469 Agricultural Bank of China 9 2.414 7,410 44 14 1.720 0.694
Shinhan Financial Group Co Ltd 9 3.306 7,597 56 10 2.033 1.273 China Construction Bank 10 2.371 7,280 59 8 2.855 -0.484
Agricultural Bank of China 10 2.827 6,496 18 11 1.871 0.956 DBS Group 11 2.104 6,458 75 7 2.864 -0.760
Bank of Taiwan 11 2.764 6,350 60 2 7.653 -4.889 China Merchants Bank 12 1.764 5,416 32 12 2.177 -0.413
Mega Financial Holding 12 2.534 5,822 58 16 1.435 1.099 Mitsubishi UFJ Financial Group Inc 13 1.685 5,173 46 17 1.326 0.359
Standard Chartered Bank 13 2.518 5,785 45 4 3.745 -1.227 Standard Chartered Bank 14 1.643 5,045 64 10 2.673 -1.030
Fubon Financial Holding 14 1.852 4,256 40 17 1.420 0.432 Mega Financial Holding 15 1.534 4,710 75 20 1.193 0.341
Credit Agricole CIB 15 1.580 3,631 13 29 0.727 0.853 Credit Agricole CIB 16 1.390 4,266 38 26 0.947 0.443
China Merchants Bank 16 1.548 3,556 9 8 2.797 -1.249 Export-Import Bank of China 17 1.262 3,875 11 52 0.352 0.910
Mitsubishi UFJ Financial Group Inc 17 1.456 3,345 19 23 1.077 0.379 Land Bank of Taiwan 18 1.202 3,689 62 30 0.887 0.315
DBS Group 18 1.451 3,333 33 13 1.743 -0.292 BNP Paribas 19 1.163 3,569 37 24 0.968 0.195
Taiwan Cooperative Financial Holding Co 19 1.292 2,968 44 19 1.309 -0.017 Bank of Taiwan 20 1.093 3,355 65 2 4.910 -3.817
Ltd TOTAL 100% 306,996 919 100%
Mizuho Financial 20 1.134 2,606 21 14 1.717 -0.583
TOTAL 100% 229,760 748 100%

Bloomberg League Table Reports Page 14


Bloomberg APAC Capital Markets | FY 2018

ASEAN Loans (Bookrunner) ASEAN Loans (Mandated Lead Arranger)


FY 2018 FY 2017 FY 2018 FY 2017

Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%)
DBS Group 1 8.298 5,781 43 3 5.417 2.881 Oversea-Chinese Banking Corp 1 9.258 10,025 84 2 6.977 2.281
United Overseas Bank 2 7.676 5,348 18 10 2.955 4.721 DBS Group 2 8.000 8,663 82 1 7.185 0.815
Standard Chartered Bank 3 6.523 4,544 31 6 3.832 2.691 United Overseas Bank 3 7.679 8,315 64 3 6.398 1.281
Oversea-Chinese Banking Corp 4 6.184 4,308 30 15 2.710 3.474 Sumitomo Mitsui Financial 4 5.407 5,856 55 4 5.488 -0.081
HSBC 5 5.231 3,644 17 14 2.723 2.508 Mitsubishi UFJ Financial Group Inc 5 4.484 4,856 47 5 4.944 -0.460
Mizuho Financial 6 4.941 3,442 16 2 6.044 -1.103 Standard Chartered Bank 6 3.947 4,275 49 9 3.498 0.449
Sumitomo Mitsui Financial 7 4.750 3,309 28 7 3.405 1.345 Bank Mandiri 7 3.836 4,154 36 12 2.755 1.081
Bank Mandiri 8 4.601 3,206 21 8 3.244 1.357 Maybank 8 3.709 4,016 42 7 3.759 -0.050
Mitsubishi UFJ Financial Group Inc 9 4.038 2,813 26 5 4.207 -0.169 HSBC 9 3.706 4,013 43 10 3.431 0.275
Maybank 10 3.770 2,626 18 1 6.738 -2.968 Mizuho Financial 10 3.561 3,856 33 6 4.031 -0.470
ANZ Banking Group 11 3.355 2,337 25 16 2.599 0.756 Bank of China 11 3.163 3,426 34 11 3.047 0.116
ING Groep 12 3.052 2,126 21 24 1.421 1.631 Bank Negara Indonesia (Persero) Tbk PT 12 2.727 2,953 26 8 3.703 -0.976
Bank Negara Indonesia (Persero) Tbk PT 13 3.000 2,090 19 4 5.366 -2.366 CIMB 13 2.690 2,913 36 16 1.680 1.010
First Abu Dhabi Bank PJSC 14 2.502 1,743 15 28 1.197 1.305 ANZ Banking Group 14 2.140 2,317 36 15 1.692 0.448
BDO Capital & Investment Corp 15 2.290 1,595 2 12 2.762 -0.472 ING Groep 15 2.107 2,282 38 23 1.100 1.007
CIMB 16 2.191 1,526 15 9 3.023 -0.832 First Abu Dhabi Bank PJSC 16 1.974 2,137 26 26 0.950 1.024
Bank Central Asia 17 2.037 1,419 12 18 2.308 -0.271 Bank Central Asia 17 1.879 2,035 21 18 1.574 0.305
BNP Paribas 18 1.935 1,348 15 21 1.773 0.162 BNP Paribas 18 1.797 1,946 34 20 1.455 0.342
Industrial & Comm Bank of China 19 1.607 1,119 6 13 2.753 -1.146 Bank Rakyat Indonesia PT 19 1.538 1,666 15 21 1.387 0.151
Deutsche Bank 20 1.559 1,086 9 20 2.106 -0.547 BDO Capital & Investment Corp 20 1.506 1,630 3 17 1.576 -0.070
TOTAL 100% 69,664 152 100% TOTAL 100% 108,290 267 100%

Bloomberg League Table Reports Page 15


Bloomberg – League Tables Criteria

General Guidelines
Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among
joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified
based on factors such as currency, market of issuer and/or country of risk/incorporation.

Fixed Income
All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule.
Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 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 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.
Bloomberg – League Tables Criteria

Loans
Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the
sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated
transactions, where each modification is 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>.

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.

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