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INDIACAPITALMARKETSLEAGUE TABLESH1 2019

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

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MANAGER RANKINGS

INDIA CAPITAL MARKETS

DATA SUBMISSIONS AND QUERIES

Equities

Fixed Income

Loans

Contact EmailPhone

H1 2019

© 2019 Bloomberg Finance L.P. All rights reserved.

Zhen Hao Toh

Dave Lin

Xin Yu Chen

+65 6499 2931

+852 2974 3196

+65 6212 1123

[email protected]

[email protected]

[email protected]

http://www.bloomberg.com/

Bloomberg IndiaCapitalMarkets|H12019

BloombergLeagueTableReports Page1

IndiaBonds

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

AxisBankLtd 1 29.133 704,825 162 1 26.021 3.112

ICICI 2 18.228 440,985 144 3 11.101 7.127

HDFCBank 3 11.384 275,424 101 2 13.719 -2.335

AKCapitalServices 4 5.968 144,373 165 9 3.734 2.234

YesBank 5 5.612 135,777 81 7 6.450 -0.838

KotakMahindraBankLtd 6 4.438 107,363 60 8 4.205 0.233

ICICISecuritiesPrimaryDealershipLtd

7 4.384 106,074 111 5 6.774 -2.390

StandardCharteredBank 8 3.515 85,050 9 18 0.642 2.873

StateBankofIndia 9 3.184 77,028 35 6 6.714 -3.530

PunjabNationalBank(India) 10 1.990 48,133 29 - - 1.990

TrustInvestmentAdvisorsPvtLtd 11 1.803 43,631 146 4 6.789 -4.986

EdelweissFinancialServicesLtd 12 1.492 36,104 124 11 2.250 -0.758

TipsonsConsultancyServices 13 1.361 32,924 51 17 0.681 0.680

Nomura 14 1.209 29,260 1 - - 1.209

DeutscheBank 15 0.971 23,500 3 23 0.292 0.679

LKP 16 0.895 21,663 20 12 1.476 -0.581

DeriviumCapital 17 0.883 21,360 17 19 0.608 0.275

IDFCBankLtd 18 0.879 21,276 15 22 0.394 0.485

Barclays 19 0.827 20,000 4 13 1.161 -0.334

Darashaw&Co 20 0.456 11,022 13 21 0.496 -0.040

TOTAL 100% 2,419,317 422 100%

ThistableconsistsofdebtsecuritiesdenominatedinIndianRupees,withmarkettype"Domestic"or"DomesticMTN".Thisexcludesasset-backedsecurities,bondswithwarrants,convertiblesecurities,andcredit-linkednotes.Thereisaminimumthresholdof12monthsformaturities,callorputperiodsandUSD50MMminimumamountforself-ledsecurities.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials62%

Government18%

Utilities11%

Others9%

IndiaBonds:ManagerRankingsHistory

IndiaBonds:IndustryBreakdown

62%18%

11%

9%

AxisBankLtd

ICICI

HDFCBank

AKCapitalServices

YesBank

KotakMahindraBankLtd

10

20

MarketShare(%

)

0

30

2019 2018 2017



IndiaEquity&RightsOffering

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

MorganStanley 1 14.462 136,654 7 6 8.704 5.758


BankofAmericaMerrillLynch 3 11.118 105,057 4 10 3.402 7.716

ICICI 4 8.612 81,373 5 5 9.148 -0.536

AxisBankLtd 5 8.199 77,469 9 4 9.986 -1.787

JPMorgan 6 6.830 64,534 3 11 2.391 4.439

GoldmanSachs 7 6.569 62,072 4 14 1.541 5.028

HSBC 8 5.905 55,797 4 - - 5.905

Citi 9 5.853 55,302 10 1 14.890 -9.037

HDFCBank 10 5.546 52,408 2 8 4.232 1.314

StateBankofIndia 11 5.291 50,000 1 3 10.307 -5.016

JMFinancialLtd 12 2.222 20,999 7 7 5.186 -2.964

EdelweissFinancialServicesLtd

13 1.294 12,226 4 9 3.941 -2.647

IIFLHoldingsLtd 14 1.053 9,951 3 12 1.905 -0.852

MonarchNetworthCapitalLtd 15 0.878 8,293 3 43 0.062 0.816

Nomura 16 0.817 7,721 2 23 0.537 0.280

CreditSuisse 17 0.674 6,367 2 18 1.014 -0.340

CITICSecurities 18 0.621 5,867 1 13 1.626 -1.005

DeutscheBank 19 0.419 3,958 1 - - 0.419

YesBank 20 0.407 3,848 2 16 1.083 -0.676

TOTAL 100% 944,915 68 100%

Thistableconsistsofequity&rightsofferingsissuedbyIndianissuers.Thisexcludesself-ledofferings.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Communications51%

Financials35%

Industrials6%

Others7%

IndiaEquity&RightsOffering:ManagerRankingsHistory

IndiaEquity&RightsOffering:IndustryBreakdown

51%

35%

6%

7%

MorganStanley


BankofAmericaMerrillLynch

ICICI

AxisBankLtd

JPMorgan

5

10

MarketShare(%

)

0

15

2019 2018 2017



IndiaEquity&RightsOffering(LegalAdviser-Issuer)

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

AZB&Partners 1 40.751 250,000 1 4 5.492 35.259

S&RAssociates 2 40.751 249,998 1 - - 40.751

CyrilAmarchandMangaldas 3 6.065 37,211 2 1 56.744 -50.679

CliffordChanceLLP 4 4.526 27,764 2 - - 4.526

ShardulAmarchandMangaldas&Co

5 2.675 16,412 1 6 3.529 -0.854

Khaitan&Co 6 1.655 10,153 2 2 12.641 -10.986

Luthra&LuthraLawOffices 7 1.071 6,568 2 3 10.759 -9.688

DSKLegal 8 0.786 4,820 1 8 1.761 -0.975

SquireSanders 9 0.416 2,554 1 - - 0.416

Bharucha&Partners 10 0.216 1,323 1 - - 0.216

MVKini&Co 11 0.208 1,276 7 11 0.465 -0.257

RajaniAssociates 12 0.205 1,260 4 13 0.243 -0.038

PerkinsCoieLLP 13 0.173 1,060 1 - - 0.173

SNG&Partners 13 0.173 1,060 1 9 0.804 -0.631

Kanga&Co 15 0.076 467 3 10 0.467 -0.391

SamvittiLegal 16 0.065 398 1 - - 0.065

JoyMukherjee&Associates 17 0.055 340 2 16 0.170 -0.115

MNMarfatiaAdvocate 18 0.048 293 1 22 0.055 -0.007

CrawfordBayley&Co 19 0.038 231 1 7 1.779 -1.741

HasurkarAssociates 20 0.027 166 1 - - 0.027

TOTAL 100% 613,483 35 100%


Communications51%

Financials35%

Industrials6%

Others7%

IndiaEquity&RightsOffering:LegalAdviser-IssuerRankingsHistory

IndiaEquity&RightsOffering(LegalAdviser-Issuer):IndustryBreakdown

51%

35%

6%

7%

AZB&Partners

S&RAssociates

CyrilAmarchandMangaldas

CliffordChanceLLP


Khaitan&Co

20

40

MarketShare(%

)

0

60

2019 2018 2017



IndiaEquity&RightsOffering(LegalAdviser-Manager)

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CyrilAmarchandMangaldas 1 40.223 249,998 1 3 11.244 28.979

Latham&WatkinsLLP 2 24.295 151,000 3 16 1.546 22.749


3 20.112 125,000 1 - - 20.112

S&RAssociates 4 7.641 47,492 4 7 5.014 2.627

Khaitan&Co 5 2.796 17,378 3 4 6.628 -3.832

SidleyAustinLLP 6 2.289 14,227 2 6 6.156 -3.867

CliffordChanceLLP 7 1.083 6,730 1 8 3.730 -2.647

AZB&Partners 8 0.969 6,021 1 1 22.750 -21.781

CrawfordBayley&Co 9 0.341 2,120 1 - - 0.341

SquireSanders 10 0.250 1,555 2 13 2.030 -1.780

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 621,522 13 100%


Communications51%

Financials35%

Industrials6%

Others7%

IndiaEquity&RightsOffering:LegalAdviser-ManagerRankingsHistory

IndiaEquity&RightsOffering(LegalAdviser-Manager):IndustryBreakdown

51%

35%

6%

7%

CyrilAmarchandMangaldas

Latham&WatkinsLLP


S&RAssociates

Khaitan&Co

SidleyAustinLLP

10

20

30

40

MarketShare(%

)

0

45

2019 2018 2017



IndiaEquityIPO

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

JMFinancialLtd 1 11.557 11,838 3 5 7.770 3.787

AxisBankLtd 2 11.396 11,672 3 2 12.902 -1.506

MorganStanley 3 9.206 9,429 2 17 1.405 7.801


CreditSuisse 5 6.216 6,367 2 - - 6.216

GoldmanSachs 5 6.216 6,367 2 9 4.031 2.185

IIFLHoldingsLtd 7 6.055 6,202 2 13 2.232 3.823


DeutscheBank 8 3.865 3,958 1 - - 3.865

HSBC 8 3.865 3,958 1 - - 3.865

JPMorgan 8 3.865 3,958 1 8 4.398 -0.533

Nomura 8 3.865 3,958 1 17 1.405 2.460

YesBank 13 3.757 3,848 2 11 2.832 0.925

HDFCBank 14 2.352 2,409 1 21 0.880 1.472

Citi 15 2.190 2,243 1 4 8.223 -6.033


15 2.190 2,243 1 7 5.137 -2.947

EquirusCapitalPvtLtd 17 2.070 2,120 1 - - 2.070

ElaraCapitalPLC 18 1.567 1,605 1 25 0.444 1.123

IDBIBankLtd 18 1.567 1,605 1 12 2.500 -0.933

FedexSecurities 20 1.067 1,092 3 47 0.017 1.050

TOTAL 100% 102,423 34 100%

ThistableconsistsofInitialPublicOfferingsissuedbyIndianissuers.Thisexcludesself-ledofferings.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials62%

Industrials21%

HealthCare12%

Others5%

IndiaEquityIPO:ManagerRankingsHistory

IndiaEquityIPO:IndustryBreakdown

62%

21%

12%

5%

JMFinancialLtd

AxisBankLtd

MorganStanley


GoldmanSachs

CreditSuisse

5

10

MarketShare(%

)

0

15

2019 2018 2017



IndiaEquityOfferings

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

MorganStanley 1 19.488 86,654 6 2 11.269 8.219


Citi 3 12.437 55,302 10 1 19.278 -6.841


ICICI 5 7.056 31,373 4 5 7.053 0.003

AxisBankLtd 6 6.178 27,469 8 4 8.138 -1.960

JMFinancialLtd 7 4.723 20,999 7 6 6.714 -1.991

JPMorgan 8 3.269 14,534 2 10 3.096 0.173


9 2.750 12,226 4 8 5.102 -2.352

GoldmanSachs 10 2.715 12,072 3 13 1.995 0.720

IIFLHoldingsLtd 11 2.238 9,951 3 11 2.466 -0.228

MonarchNetworthCapitalLtd 12 1.865 8,293 3 40 0.081 1.784

Nomura 13 1.737 7,721 2 20 0.695 1.042

CreditSuisse 14 1.432 6,367 2 17 1.312 0.120

CITICSecurities 15 1.319 5,867 1 12 2.105 -0.786

HSBC 16 1.304 5,797 3 - - 1.304

DeutscheBank 17 0.890 3,958 1 - - 0.890

YesBank 18 0.865 3,848 2 15 1.402 -0.537

HDFCBank 19 0.542 2,409 1 21 0.687 -0.145

EquirusCapitalPvtLtd 20 0.477 2,120 1 - - 0.477

TOTAL 100% 444,653 65 100%

ThistableconsistsofequityofferingsissuedbyIndianissuers.Thisexcludesself-ledofferings.Note:Issuercountryisdeterminedbycountryofrisk.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Financials73%

Industrials13%

Others14%

IndiaEquityOfferings:ManagerRankingsHistory

IndiaEquityOfferings:IndustryBreakdown

73%

13%

14%

MorganStanley


Citi

BankofAmericaMerrillLynch

ICICI

AxisBankLtd

5

10

15

MarketShare(%

)

0

20

2019 2018 2017



IndiaBorrowerLoans(Bookrunner)

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

StateBankofIndia 1 24.724 365,942 7 4 7.228 17.496

AxisBankLtd 2 13.245 196,043 11 1 12.422 0.823

YesBank 3 9.083 134,436 27 2 9.469 -0.386

WestpacBanking 4 4.776 70,688 5 27 0.752 4.024

FirstAbuDhabiBankPJSC 5 4.209 62,303 9 12 2.910 1.299

MitsubishiUFJFinancialGroupInc

6 3.640 53,880 7 8 4.050 -0.410

SumitomoMitsuiFinancial 7 3.518 52,063 9 19 1.377 2.141

IndusindBankLtd 8 3.241 47,969 8 7 5.446 -2.205

DBSGroup 9 3.141 46,490 7 6 5.727 -2.586

ANZBankingGroup 10 2.842 42,061 6 15 2.271 0.571

StandardCharteredBank 11 2.840 42,028 10 3 9.118 -6.278

L&TFinancialServices 12 2.338 34,608 7 5 6.721 -4.383

Barclays 13 2.260 33,453 4 18 1.657 0.603

SocieteGenerale 14 2.081 30,805 2 20 1.371 0.710

MizuhoFinancial 15 1.831 27,103 6 10 3.269 -1.438

JPMorgan 16 1.809 26,778 1 20 1.371 0.438

Rabobank 16 1.809 26,778 1 - - 1.809

ICICI 18 1.577 23,334 4 9 3.957 -2.380

HSBC 19 1.426 21,102 6 14 2.410 -0.984

UnitedOverseasBank 20 1.071 15,851 5 28 0.583 0.488

TOTAL 100% 1,480,081 76 100%

ThistableconsistsofloanswithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Energy36%

Materials20%

Industrials16%

Financials15%

Others13%

IndiaBorrowerLoans:BookrunnerRankingsHistory

IndiaBorrowerLoans(Bookrunner):IndustryBreakdown

36%

20%

16%

15%

13%

StateBankofIndia

AxisBankLtd

YesBank

WestpacBanking

FirstAbuDhabiBankPJSC


10

20

30

MarketShare(%

)

0

40

2019 2018 2017



IndiaBorrowerLoans(MandatedLeadArranger)

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


AxisBankLtd 2 11.511 186,977 12 2 8.260 3.251

YesBank 3 8.276 134,436 27 5 6.200 2.076


4 4.098 66,558 11 7 4.910 -0.812


FirstAbuDhabiBankPJSC 6 3.375 54,827 10 15 2.698 0.677

SumitomoMitsuiFinancial 7 3.278 53,253 11 19 1.219 2.059



DBSGroup 10 2.267 36,822 7 12 3.275 -1.008

ANZBankingGroup 11 2.025 32,885 6 17 1.856 0.169

MizuhoFinancial 12 1.947 31,623 7 10 3.927 -1.980

HSBC 13 1.896 30,795 7 14 2.847 -0.951

ICICI 14 1.625 26,394 5 9 4.170 -2.545

Rabobank 15 1.600 25,985 3 - - 1.600

Barclays 16 1.495 24,276 4 18 1.434 0.061

JPMorgan 17 1.407 22,860 3 21 1.195 0.212

SocieteGenerale 18 1.347 21,879 2 30 0.707 0.640

IDBIBankLtd 19 1.207 19,599 2 3 7.627 -6.420

WestpacBanking 20 1.180 19,169 5 44 0.246 0.934

TOTAL 100% 1,624,326 83 100%

ThistableconsistsofloanswithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Energy36%

Materials20%

Industrials16%

Financials15%

Others13%

IndiaBorrowerLoans:MandatedLeadArrangerRankingsHistory

IndiaBorrowerLoans(MandatedLeadArranger):IndustryBreakdown

36%

20%

16%

15%

13%

StateBankofIndia

AxisBankLtd

YesBank


StandardCharteredBank


10

20

30

MarketShare(%

)

0

40

2019 2018 2017



IndiaBorrowerLocalCurrencyLoans(Bookrunner)

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


AxisBankLtd 2 23.914 170,116 8 1 22.494 1.420

YesBank 3 17.248 122,692 25 2 17.201 0.047



GrasimIndustryLtd 6 1.712 12,175 1 - - 1.712

ICICI 7 1.504 10,700 2 6 5.852 -4.348

BankofBaroda 8 1.119 7,958 1 - - 1.119


PunjabNationalBank(India) 10 0.527 3,750 1 - - 0.527

IndianRenewableEnergyDevelopmentAgencyL

11 0.199 1,415 1 - - 0.199

PTCFinancialServices 12 0.126 899 1 - - 0.126

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 711,359 53 100%

ThistableconsistsofloansdenominatedinINRwithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Energy41%

Industrials33%

Materials8%

Financials6%

Utilities5%

Others6%

IndiaBorrowerLocalCurrencyLoans:BookrunnerRankingsHistory

IndiaBorrowerLocalCurrencyLoans(Bookrunner):IndustryBreakdown

41%

33%

8%

6%

5%

6%

StateBankofIndia

AxisBankLtd

YesBank

IndusindBankLtd

L&TFinancialServices

GrasimIndustryLtd

10

20

30

40

MarketShare(%

)

0

50

2019 2018 2017



IndiaBorrowerLocalCurrencyLoans(MandatedLeadArranger)

H12019 H12018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


AxisBankLtd 2 20.839 165,800 8 2 14.812 6.027

YesBank 3 15.421 122,692 25 4 11.326 4.095



IDBIBankLtd 6 1.571 12,500 2 1 17.359 -15.788


ICICI 8 1.345 10,700 2 7 7.784 -6.439

BankofBaroda 9 1.000 7,958 1 16 0.974 0.026

Rabobank 10 0.621 4,939 1 - - 0.621

MitsubishiUFJFinancialGroupInc 11 0.386 3,068 1 - - 0.386

SumitomoMitsuiFinancial 11 0.386 3,068 1 - - 0.386

IndianRenewableEnergyDevelopmentAgencyL

13 0.178 1,415 1 - - 0.178

PTCFinancialServices 14 0.113 899 1 - - 0.113

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 795,633 57 100%

ThistableconsistsofloansdenominatedinINRwithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Energy41%

Industrials33%

Materials8%

Financials6%

Utilities5%

Others6%

IndiaBorrowerLocalCurrencyLoans:MandatedLeadArrangerRankingsHistory

IndiaBorrowerLocalCurrencyLoans(MandatedLeadArranger):IndustryBreakdown

41%

33%

8%

6%

5%

6%

StateBankofIndia

AxisBankLtd

YesBank

IndusindBankLtd

L&TFinancialServices

IDBIBankLtd

10

20

30

40

MarketShare(%

)

0

50

2019 2018 2017



IndiaBorrowerForeignCurrencyLoans(Bookrunner)

H12019 H12018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


WestpacBanking 2 9.167 1,002 5 21 1.309 7.858

FirstAbuDhabiBankPJSC 3 8.087 884 9 7 5.294 2.793


4 7.000 765 7 3 7.437 -0.437

SumitomoMitsuiFinancial 5 6.852 749 9 15 2.479 4.373

DBSGroup 6 6.013 657 7 2 8.000 -1.987

ANZBankingGroup 7 5.441 595 6 11 4.071 1.370

StandardCharteredBank 8 4.505 493 8 1 12.571 -8.066

Barclays 9 4.307 471 4 14 2.985 1.322

SocieteGenerale 10 3.948 432 2 16 2.387 1.561

MizuhoFinancial 11 3.571 390 6 5 5.943 -2.372

JPMorgan 12 3.430 375 1 16 2.387 1.043

Rabobank 12 3.430 375 1 - - 3.430

AxisBankLtd 14 3.363 368 3 8 4.414 -1.051

HSBC 15 2.775 303 6 10 4.295 -1.520

UnitedOverseasBank 16 2.079 227 5 22 1.091 0.988

BankofAmericaMerrillLynch 17 1.956 214 5 19 2.268 -0.312

ICICI 18 1.646 180 2 16 2.387 -0.741

Scotiabank 19 1.563 171 4 - - 1.563

YesBank 20 1.555 170 2 12 3.354 -1.799

TOTAL 100% 10,933 24 100%

ThistableconsistsofloansdenominatedinNon-INRwithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Energy31%

Materials31%

Financials23%

Communications6%

Others9%

IndiaBorrowerForeignCurrencyLoans:BookrunnerRankingsHistory

IndiaBorrowerForeignCurrencyLoans(Bookrunner):IndustryBreakdown

31%

31%

23%

6%9%

StateBankofIndia

WestpacBanking



SumitomoMitsuiFinancial

DBSGroup

2

4

6

8

MarketShare(%

)

0

10

2019 2018 2017



IndiaBorrowerForeignCurrencyLoans(MandatedLeadArranger)

H12019 H12018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


1 7.685 907 10 3 8.878 -1.193

FirstAbuDhabiBankPJSC 2 6.616 780 10 8 4.803 1.813

SumitomoMitsuiFinancial 3 6.120 722 10 14 2.196 3.924

StandardCharteredBank 4 5.417 639 9 2 9.018 -3.601

StateBankofIndia 5 4.482 529 6 1 9.685 -5.203

DBSGroup 6 4.424 522 7 9 4.358 0.066

ANZBankingGroup 7 3.953 466 6 11 3.296 0.657

MizuhoFinancial 8 3.862 456 7 4 7.072 -3.210

HSBC 9 3.754 443 7 7 5.079 -1.325

Barclays 10 2.902 342 4 13 2.536 0.366

JPMorgan 11 2.729 322 3 16 2.070 0.659

SocieteGenerale 12 2.600 307 2 22 1.221 1.379

AxisBankLtd 13 2.546 300 4 12 3.124 -0.578

Rabobank 14 2.507 296 2 - - 2.507

WestpacBanking 15 2.310 273 5 35 0.425 1.885

ABNAmroBankNV 16 2.119 250 1 - - 2.119

FifthThirdBancorp 16 2.119 250 1 - - 2.119

IntesaSanpaolo 16 2.119 250 1 39 0.354 1.765

ICICI 19 1.889 223 3 21 1.299 0.590

KoreaDevelopmentBank 20 1.840 217 4 34 0.566 1.274

NorinchukinBank 20 1.840 217 4 - - 1.840

TOTAL 100% 11,796 27 100%

ThistableconsistsofloansdenominatedinNon-INRwithborrowersthathaveacountryofriskasIndiaandwithamarketofsyndicationintheAPACregion.Thisexcludesbilateralloans.PleaseseeLeagueTableStandardsandGuidelinesforfurtherdetails.

Energy31%

Materials31%

Financials23%

Communications6%

Others9%

IndiaBorrowerForeignCurrencyLoans:MandatedLeadArrangerRankingsHistory

IndiaBorrowerForeignCurrencyLoans(MandatedLeadArranger):IndustryBreakdown

31%

31%

23%

6%9%



SumitomoMitsuiFinancial

StandardCharteredBank

StateBankofIndia

DBSGroup

5

10

MarketShare(%

)

0

15

2019 2018 2017

Bloomberg – League Tables Criteria

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

General Guidelines

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

Fixed Income

All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self-led transactions are included. New money portions of exchange offers are eligible for credit.

Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.

Equities-Linked

Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.

Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.

Equities

Equity market transactions: Initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.

Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.

Bloomberg – League Tables Criteria

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

Loans

Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of security.

Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities.

US Municipals

Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.

Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.

All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.

Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.

Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.

The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on

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