Trades in HDFC and Maybank raise a combined $2 billion

Carlyle exits HDFC through an $838 million block, while Maybank taps the market for $1.19 billion of fresh capital through Malaysia’s largest ever overnight trade.

Trades in HDFC and Maybank raise a combined $2 billion

The Asian equity capital markets got hit with more than $2 billion worth of financial paper at the end of last week, but thanks to significant domestic demand and a rigorous wall-crossing activity in the case of one of the deals, the market had no problem absorbing the stock. Never mind that the two transactions came in a week when Hong Kong was closed on Monday and Tuesday and the monthly US payrolls report was due late Friday....

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