SINGAPORE
CAPITAL
MARKETS
LEAGUE TABLES
Q1 2020
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Professional Service.
MANAGER RANKINGS
SINGAPORE CAPITAL MARKETS
DATA SUBMISSIONS AND QUERIES
Contact EmailPhone
Q1 2020
Equities
Fixed Income
Loans
Zhen Hao Toh
Dave Lin
Soomi Oh
+65 6212 1123
+852 2974 3196
+65 6231 3428
apecdr@bloomberg.net
nimap@bloomberg.net
aploans@bloomberg.net
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Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page1
ASEANLocalCurrencyBonds
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
CIMB 1 14.528 2,384 69 2 9.818 4.710
DBSGroup 2 7.387 1,212 20 6 6.484 0.903
UnitedOverseasBank 3 5.737 941 24 3 6.815 -1.078
HSBC 4 5.207 854 2 12 3.328 1.879
BangkokBankPCL 5 4.946 811 26 5 6.501 -1.555
AmInvestmentBankBhd 6 4.672 767 25 11 3.774 0.898
Maybank 7 4.655 764 56 1 12.326 -7.671
RHB 8 4.206 690 64 13 2.807 1.399
StandardCharteredBank 9 4.147 680 10 7 5.482 -1.335
BankofPhilippineIslands 10 3.456 567 6 27 0.421 3.035
KasikornbankPCL 11 3.408 559 28 4 6.795 -3.387
KenangaInvestmentBankBhd 12 3.337 547 39 17 1.560 1.777
Oversea-ChineseBanking
Corp
13 3.060 502 23 10 4.900 -1.840
KrungThaiBank 14 2.916 478 11 8 5.243 -2.327
HongLeongFinancialGroup
Bhd
15 2.449 402 7 20 0.888 1.561
BankofAyudhyaPCL 16 2.367 388 7 14 2.629 -0.262
INGGroep 17 2.197 360 2 19 0.984 1.213
GovernmentSavingsBank 18 1.864 306 2 35 0.261 1.603
PhatraSecuritiesPCL 19 1.549 254 12 15 2.437 -0.888
BankMandiri 20 1.341 220 27 21 0.870 0.471
TOTAL 100% 16,407 277 100%
Thistableconsistsofdebt&preferredsecuritiesthataredenominatedinASEANlocalcurrencies.Thisexcludesbondswithwarrants,China
commercialpaper,andconvertiblesecurities.Thereisaminimumthresholdof12monthsformaturitiesandUSD50MMminimumamountforself-
ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials52%
Government14%
Industrials9%
ConsumerDiscretionary7%
Others17%
ASEANLocalCurrencyBonds:ManagerRankingsHistory
ASEANLocalCurrencyBonds:IndustryBreakdown
52%
14%
9%
7%
17%
CIMB
DBSGroup
UnitedOverseasBank
HSBC
Bangk okBankPCL
AmInvestmentBankBhd
5
10
MarketShare(%)
0
15
2020 2019 2018
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page2
ASEANEquity,EquityLinked&Rights
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
UBS 1 14.373 424 2 2 9.685 4.688
CreditSuisse 2 13.559 400 2 8 5.200 8.359
BangkokBankPCL 3 12.881 380 1 6 5.563 7.318
KasikornbankPCL 3 12.881 380 1 19 1.349 11.532
MorganStanley 3 12.881 380 1 3 9.610 3.271
PhatraSecuritiesPCL 3 12.881 380 1 - - 12.881
CIMB 7 3.328 98 3 1 14.930 -11.602
ChinaInternationalCapitalCorp 8 2.169 64 2 - - 2.169
Oversea-ChineseBankingCorp 8 2.169 64 2 - - 2.169
UOBKayHianPvtLtd 10 1.550 46 9 20 0.690 0.860
JasaUtamaCapitalPT 11 1.445 43 3 24 0.628 0.817
PacificSekuritasIndonesiaPT 12 1.215 36 1 - - 1.215
BofASecurities 13 0.678 20 1 - - 0.678
DBSGroup 13 0.678 20 1 4 8.390 -7.712
Maybank 13 0.678 20 1 14 2.632 -1.954
MercurySecuritiesSdnBhd 16 0.462 14 6 23 0.662 -0.200
RHB 17 0.340 10 5 13 2.868 -2.528
ChuenmanSecuritiesLtd 18 0.298 9 3 - - 0.298
FirstFidelityCapitalInternationalLtd 19 0.274 8 1 - - 0.274
LegoFinancialGroupInvestment
HoldingsLtd
19 0.274 8 1 - - 0.274
TOTAL 100% 2,951 65 100%
Thistableconsistsofequity&equity-linkedsecuritiesissuedbyASEANissuers.Thisexcludesbondswithwarrants,creditlinkednotes,reverse
convertibles,andself-ledtransactions.Thereisaminimumthresholdsof12monthminimumcall,put&maturityperiods.PleaseseeLeagueTable
StandardsandGuidelinesforfurtherdetails.
ConsumerDiscretionary80%
Financials11%
Others9%
ASEANEquity,EquityLinked&Rights:ManagerRankings
History
ASEANEquity,EquityLinked&Rights:Industry
Breakdown
80%
11%
9%
UBS
CreditSuisse
Bangk okBankPCL
KasikornbankPCL
MorganStanley
PhatraSecuritiesPCL
5
10
MarketShare(%)
0
15
2020 2019 2018
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page3
ASEANLoans(Bookrunner)
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
StandardCharteredBank 1 11.482 697 7 16 2.290 9.192
SumitomoMitsuiFinancial 2 9.816 596 8 11 4.123 5.693
DBSGroup 3 9.629 585 8 3 6.918 2.711
UnitedOverseasBank 4 8.017 487 4 2 6.999 1.018
BankNegaraIndonesia(Persero)
TbkPT
5 7.476 454 1 13 3.330 4.146
MitsubishiUFJFinancialGroupInc 6 7.128 433 5 7 4.684 2.444
Maybank 7 6.537 397 4 1 7.202 -0.665
HSBC 8 4.693 285 4 6 5.039 -0.346
CreditSuisse 9 3.951 240 1 15 2.916 1.035
StateBankofIndia 10 3.573 217 2 9 4.255 -0.682
INGGroep 11 3.255 198 2 - - 3.255
Rabobank 12 2.947 179 2 20 1.877 1.070
CTBCFinancialHolding 13 2.239 136 3 32 0.542 1.697
BankofBaroda 14 1.789 109 1 - - 1.789
Scotiabank 14 1.789 109 1 36 0.375 1.414
BofASecurities 16 1.783 108 1 36 0.375 1.408
BankofChina 17 1.615 98 3 30 0.636 0.979
AmInvestmentBankBhd 18 1.592 97 1 - - 1.592
BankIslamMalaysiaBerhad 18 1.592 97 1 - - 1.592
MizuhoFinancial 20 1.589 96 1 19 2.013 -0.424
TOTAL 100% 6,074 24 100%
ThistableconsistsofloanswithamarketofsyndicationintheASEANregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandards
andGuidelinesforfurtherdetails.
Financials36%
Materials21%
Industrials17%
Communications8%
ConsumerDiscretionary7%
Others11%
ASEANLoans:BookrunnerRankingsHistory
ASEANLoansBookrunner:IndustryBreakdown
36%
21%
17%
8%
7%
11%
StandardCharteredBank
SumitomoMitsuiFinancial
DBSGroup
UnitedOverseasBank
onesia(
ancialGroupInc
5
10
15
MarketShare(%)
0
20
2020 2019 2018
BankNegaraIn
M
d
itsubishi
P
U
e
F
rs
J
e
F
r
i
o
n
)TbkPT
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page4
ASEANLoans(MandatedLeadArranger)
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
SumitomoMitsuiFinancial 1 11.145 823 10 7 3.790 7.355
StandardCharteredBank 2 9.197 679 9 11 2.933 6.264
DBSGroup 3 8.345 616 10 2 7.460 0.885
UnitedOverseasBank 4 7.439 549 7 3 6.839 0.600
BankNegaraIndonesia(Persero)
TbkPT
5 6.152 454 1 9 3.275 2.877
MitsubishiUFJFinancialGroupInc 6 5.865 433 5 17 2.024 3.841
Maybank 7 5.316 392 4 5 4.653 0.663
HSBC 8 4.601 340 7 6 4.080 0.521
Oversea-ChineseBankingCorp 9 4.529 334 5 8 3.562 0.967
BangkokBankPCL 10 3.660 270 1 - - 3.660
SiamCommercialBankPCL 10 3.660 270 1 1 10.814 -7.154
CreditSuisse 12 3.251 240 1 18 1.942 1.309
StateBankofIndia 13 2.940 217 2 15 2.214 0.726
INGGroep 14 2.619 193 2 - - 2.619
BankofChina 15 2.381 176 5 16 2.170 0.211
CTBCFinancialHolding 16 1.998 148 4 20 1.463 0.535
BankofBaroda 17 1.472 109 1 - - 1.472
Scotiabank 17 1.472 109 1 52 0.266 1.206
BofASecurities 19 1.468 108 1 52 0.266 1.202
AmInvestmentBankBhd 20 1.310 97 1 - - 1.310
TOTAL 100% 7,382 30 100%
ThistableconsistsofloanswithamarketofsyndicationintheASEANregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandards
andGuidelinesforfurtherdetails.
Financials36%
Materials21%
Industrials17%
Communications8%
ConsumerDiscretionary7%
Others11%
ASEANLoans:MandatedLeadArrangerRankingsHistory
ASEANLoansMandatedLeadArranger:Industry
Breakdown
36%
21%
17%
8%
7%
11%
SumitomoMitsuiFinancial
StandardCharteredBank
DBSGroup
UnitedOverseasBank
onesia(
ancialGroupInc
5
10
MarketShare(%)
0
15
2020 2019 2018
BankNegaraIn
M
d
itsubishi
P
U
e
F
rs
J
e
F
r
i
o
n
)TbkPT
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page5
SingaporeDollarBonds
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(SGD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
DBSGroup 1 45.007 2,021 15 1 31.095 13.912
Oversea-ChineseBanking
Corp
2 23.163 1,040 9 3 23.158 0.005
UnitedOverseasBank 3 14.477 650 6 2 26.922 -12.445
StandardCharteredBank 4 6.310 283 3 5 3.747 2.563
Maybank 5 5.197 233 2 6 1.964 3.233
HSBC 6 3.341 150 1 4 6.350 -3.009
CreditSuisse 7 2.506 112 2 7 1.673 0.833
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 4,490 20 100%
Thistableconsistsofdebt&preferredsecuritiesdenominatedinSingaporeDollars.Thisexcludesasset-backedsecurities,bondswithwarrants,
andconvertiblesecurities.Thereisaminimumthresholdof360daysformaturities,callorputperiods,andSGD65MMminimumamountforself-
ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials50%
Government14%
Industrials14%
Communications10%
ConsumerDiscretionary9%
Others4%
SingaporeDollarBonds:ManagerRankingsHistory
SingaporeDollarBonds:IndustryBreakdown
50%
14%
14%
10%
9%
4%
DBSGroup
Oversea-ChineseBankingCorp
UnitedOverseasBank
StandardCharteredBank
May bank
HSBC
10
20
30
40
MarketShare(%)
0
50
2020 2019 2018
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page6
SingaporeBonds
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(SGD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
DBSGroup 1 45.739 1,521 14 1 33.936 11.803
UnitedOverseasBank 2 19.549 650 6 2 31.641 -12.092
Oversea-ChineseBanking
Corp
3 15.789 525 6 3 26.416 -10.627
StandardCharteredBank 4 8.521 283 3 5 2.344 6.177
Maybank 5 7.018 233 2 5 2.344 4.674
CreditSuisse 6 3.383 112 2 - - 3.383
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 3,325 15 100%
ThistableconsistsofdebtsecuritiesdenominatedinSingaporeDollars,withmarkettype"Domestic"or"DomesticMTN".Thisexcludesasset-
backedsecurities,bondswithwarrants,convertiblesecurities,andcredit-linkednotes.Thereisaminimumthresholdof12monthsformaturities,
callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials52%
Government18%
Communications13%
ConsumerDiscretionary7%
Industrials5%
Others5%
SingaporeBonds:ManagerRankingsHistory
SingaporeBonds:IndustryBreakdown
52%
18%
13%
7%
5%
5%
DBSGroup
UnitedOverseasBank
Oversea-ChineseBankingCorp
StandardCharteredBank
May bank
CreditSuisse
10
20
30
40
MarketShare(%)
0
50
2020 2019 2018
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page7
SingaporeEquity&RightsOffering
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
UBS 1 17.062 106 2 2 24.006 -6.944
CreditSuisse 2 13.200 82 2 3 9.594 3.606
UOBKayHianPvtLtd 3 11.452 71 4 9 0.456 10.996
ChinaInternationalCapitalCorp 4 10.297 64 2 - - 10.297
Oversea-ChineseBankingCorp 4 10.297 64 2 - - 10.297
HSBC 6 9.983 62 1 3 9.594 0.389
UnitedOverseasBank 6 9.983 62 1 3 9.594 0.389
CIMB 8 7.079 44 1 7 2.063 5.016
BofASecurities 9 3.217 20 1 - - 3.217
DBSGroup 9 3.217 20 1 1 41.167 -37.950
Maybank 9 3.217 20 1 - - 3.217
PrimePartnersCorporateFinance
PteLtd
12 0.588 4 1 6 2.354 -1.766
SACCapitalPteLtd 13 0.231 1 1 8 0.718 -0.487
ZicoHoldingsInc 14 0.177 1 1 - - 0.177
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 622 8 100%
Thistableconsistsofequity&rightsofferingssyndicatedinSingapore.Thisexcludesself-ledofferings.PleaseseeLeagueTableStandardsand
Guidelinesforfurtherdetails.
Financials97%
Others3%
SingaporeEquity&RightsOffering:ManagerRankings
History
SingaporeEquity&RightsOffering:IndustryBreakdown
97%
3%
UBS
CreditSuisse
UOBKayHianPvtLtd
ChinaInternationalCapitalCorp
Oversea-ChineseBankingCorp
HSBC
UnitedOverseasBank
5
10
15
20
MarketShare(%)
0
25
2020 2019 2018
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page8
SingaporeBorrowerLoans(Bookrunner)
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
BankofChina 1 22.986 528 2 8 3.827 19.159
ShanghaiPudongDevelopment
Bank
2 21.763 500 1 - - 21.763
DBSGroup 3 16.258 374 3 7 5.488 10.770
StandardCharteredBank 4 10.188 234 1 9 1.811 8.377
UnitedOverseasBank 4 10.188 234 1 1 38.122 -27.934
CommonwealthBankAustralia 6 8.705 200 1 - - 8.705
MitsubishiUFJFinancialGroupInc 7 3.122 72 1 - - 3.122
SumitomoMitsuiFinancial 7 3.122 72 1 10 1.507 1.615
ChinaCindaAssetManagement 9 1.222 28 1 - - 1.222
HSBC 9 1.222 28 1 6 6.030 -4.808
Maybank 9 1.222 28 1 3 6.753 -5.531
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,297 6 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasSingaporeandwithamarketofsyndicationintheAPACregion.This
excludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Materials40%
Industrials28%
Financials25%
Others7%
SingaporeBorrowerLoans:BookrunnerRankingsHistory
SingaporeBorrowerLoans(Bookrunner):Industry
Breakdown
40%
28%
25%
7%
BankofChina
DBSGroup
StandardCharteredBank
UnitedOverseasBank
CommonwealthBankAustralia
10
20
30
MarketShare(%)
0
40
2020 2019 2018
ShanghaiPudongDevelopmentBank
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page9
SingaporeBorrowerLoans(MandatedLeadArranger)
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
DBSGroup 1 16.372 409 5 2 14.433 1.939
StandardCharteredBank 2 10.978 274 3 11 3.089 7.889
UnitedOverseasBank 2 10.978 274 3 1 23.533 -12.555
BankofChina 4 8.942 223 2 4 5.940 3.002
ChinaCindaAssetManagement 4 8.942 223 2 30 0.405 8.537
ChinaMinshengBankingCorp 6 8.005 200 1 - - 8.005
CommonwealthBankAustralia 6 8.005 200 1 - - 8.005
E.SunCommercialBank 6 8.005 200 1 23 0.470 7.535
ShanghaiPudongDevelopment
Bank
6 8.005 200 1 - - 8.005
MitsubishiUFJFinancialGroupInc 10 2.871 72 1 13 1.787 1.084
SumitomoMitsuiFinancial 10 2.871 72 1 10 3.254 -0.383
HSBC 12 2.546 64 3 7 5.005 -2.459
Oversea-ChineseBankingCorp 13 1.148 29 1 5 5.487 -4.339
ChinaMerchantsBank 14 0.937 23 1 23 0.470 0.467
Maybank 14 0.937 23 1 8 4.941 -4.004
CTBCFinancialHolding 16 0.461 12 1 16 1.636 -1.175
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,498 8 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasSingaporeandwithamarketofsyndicationintheAPACregion.This
excludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Materials40%
Industrials28%
Financials25%
Others7%
SingaporeBorrowerLoans:MandatedLeadArranger
RankingsHistory
SingaporeBorrowerLoans(MandatedLeadArranger):
IndustryBreakdown
40%
28%
25%
7%
DBSGroup
StandardCharteredBank
UnitedOverseasBank
BankofChina
ChinaCindaAssetManagement
ChinaMinshengBankingCorp
CommonwealthBankAustralia
E.SunComme
ghaiPudo
5
10
15
20
MarketShare(%)
0
25
2020 2019 2018
ngDev
rc
e
i
l
a
o
lBank
Shan pmentBank
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page10
SingaporeDollarBonds:LegalAdviser-Issuer/Borrower
Q12020 Q12019
Firm Rank MktShare(%) Volume(SGDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&Gledhill 1 62.402 2,000 5 1 87.831 -25.429
WongPartnershipLLP 2 15.991 512 3 - - 15.991
Rajah&Tann 3 6.240 200 1 - - 6.240
CliffordChanceLLP 4 5.148 165 1 4 2.891 2.257
Maples&Calder 4 5.148 165 1 - - 5.148
SlaughterandMay 6 2.730 88 1 - - 2.730
ShookLin&Bok 7 2.340 75 1 5 2.224 0.116
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 3,205 11 100%
Thistableconsistsofdebt&preferredsecuritiesdenominatedinSingaporeDollars.Thisexcludesasset-backedsecurities,bondswithwarrants,
andconvertiblesecurities.Thereisaminimumthresholdof360daysformaturities,callorputperiods,andSGD65MMminimumamountforself-
ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials50%
Government14%
Industrials14%
Communications10%
ConsumerDiscretionary9%
Others4%
SingaporeDollarBonds:LegalAdviser-Issuer/Borrower
RankingsHistory
SingaporeDollarBonds:LegalAdviser-Issuer/Borrower
IndustryBreakdown
50%
14%
14%
10%
9%
4%
Allen&Gledhill
WongPartnershipLLP
Rajah&Tann
CliffordChanceLLP
Maples&Calder
SlaughterandMay
20
40
60
80
MarketShare(%)
0
90
2020 2019 2018
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page11
SingaporeDollarBonds:LegalAdviser-Manager/Lender
Q12020 Q12019
Firm Rank MktShare(%) Volume(SGDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&Gledhill 1 62.874 1,575 8 6 4.167 58.707
Allen&OveryLLP 2 20.958 525 3 2 14.583 6.375
LinklatersLLP 3 13.174 330 1 4 6.250 6.924
CliffordChanceLLP 4 2.994 75 1 - - 2.994
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,505 13 100%
Thistableconsistsofdebt&preferredsecuritiesdenominatedinSingaporeDollars.Thisexcludesasset-backedsecurities,bondswithwarrants,
andconvertiblesecurities.Thereisaminimumthresholdof360daysformaturities,callorputperiods,andSGD65MMminimumamountforself-
ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Financials50%
Government14%
Industrials14%
Communications10%
ConsumerDiscretionary9%
Others4%
SingaporeDollarBonds:LegalAdviser-Manager/Lender
RankingsHistory
SingaporeDollarBonds:LegalAdviser-Manager/Lender
IndustryBreakdown
50%
14%
14%
10%
9%
4%
Allen&Gledhill
Allen&OveryLLP
Link latersLLP
CliffordChanceLLP
20
40
60
MarketShare(%)
0
65
2020 2019 2018
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page12
SingaporeBorrowerLoans:LegalAdviser-Borrower
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count PrevRank PrevMktShare(%) MktShareChg(%)
WongPartnershipLLP 1 58.666 284 2 3 25.143 33.523
SimpsonThacher&
Bartlett
2 41.334 200 1 - - 41.334
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 484 3 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasSingaporeandwithamarketofsyndicationintheAPACregion.This
excludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Materials40%
Industrials28%
Financials25%
Others7%
SingaporeBorrowerLoans:LegalAdviser-Borrower
RankingsHistory
SingaporeBorrowerLoans:LegalAdviser-Borrower
IndustryBreakdown
40%
28%
25%
7%
WongPartnershipLLP
SimpsonThacher&Bartlett
50
MarketShare(%)
0
60
2020 2019 2018
Bloomberg
SingaporeCapitalMarkets|Q12020
BloombergLeagueTableReports Page13
SingaporeBorrowerLoans:LegalAdviser-Lender
Q12020 Q12019
Firm Rank
Mkt
Share(%)
Volume(USD
Mln)
Deal
Count
Prev
Rank
PrevMkt
Share(%)
MktShare
Chg(%)
Allen&Gledhill 1 67.756 843 2 1 29.837 37.919
CadwaladerWickersham&
Taft
2 16.082 200 1 - - 16.082
WongPartnershipLLP 3 11.534 143 1 2 16.952 -5.418
EvershedsSutherlandLtd 4 4.628 58 1 - - 4.628
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,244 5 100%
ThistableconsistsofloanswithborrowersthathaveacountryofriskasSingaporeandwithamarketofsyndicationintheAPACregion.This
excludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.
Materials40%
Industrials28%
Financials25%
Others7%
SingaporeBorrowerLoans:LegalAdviser-Lender
RankingsHistory
SingaporeBorrowerLoans:LegalAdviser-Lender
IndustryBreakdown
40%
28%
25%
7%
Allen&Gledhill
CadwaladerWickersham&Taft
WongPartnershipLLP
Ev ersheds SutherlandLtd
20
40
60
MarketShare(%)
0
70
2020 2019 2018
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
L
EAG<GO>.