Honours shared in Bloomberg league tables
The most recent Bloomberg capital markets league tables for Australian banks shows honours equally divided between the Big Four banks with investment banking divisions and global banks with a strong presence in the Australia-NZ market These lists cover the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions, for the first three quarters of 2017.Highlights of this quarter, ranked by product and business line are based on Bloomberg's criteria, as follows:Bonds:• Westpac is at number one position YTD, continuing its trend as market leader since 2Q 2017 in the Australia domestic bond market. ANZ is pushing hard, trailing by about half a percentage point of market share (16.2 per cent). The first non-major on the list is Deutsche, at number five.• In Kangaroo bonds, TD Securities is at number one position. • In the New Zealand market, ANZ is dominant, with a 32.3 per cent market share, responsible for almost NZ$3 billion. Taking number two spot there was NAB, with almost 20 per cent.Equities:• The top positions in the Australia-New Zealand equity and rights offerings table continued to be dominated by the bulge-bracket banks.• Macquarie, UBS and JP Morgan were the top three bookrunners in the quarter with Macquarie successfully displacing UBS to claim the top spot. Macquarie's market share has increased by six per cent.Mergers and acquisitions:• The utilities sector was the most targeted industry in Australia for the first time in 3Q2017, experiencing what Bloomberg characterised as "a phenomenal 694 per cent increase in volume", compared to the previous year. This was largely due to the A$3.1 billion takeover of Alinta Energy Holdings Pty Ltd by Chow Tai Fook Capital Ltd in March.Loans:• In Australia, loans volume has increased by 2.4 per cent year-on-year to A$66 billion.• Commonwealth Bank of Australia tops the table as at 3Q17with a market share just shy of 11 per cent, responsible for arranging deals worth A$7.2 billion.