AIG’s $6 billion sale of AIA shares propels activity in the equity capital markets to the strongest week in more than a year.

Equity capital markets
Activity in Asia ex-Japan equity capital markets totalled $9.9 billion this week from 26 transactions, more than triple the $2.8 billion generated in the week prior marking the busiest weekly level since the week of December 13, 2011 which saw $10.7 billion raised through 48 issues.

Volume was boosted by AIG’s $6 billion sale of close to half its remaining stake in pan-Asian life insurer AIA through a block trade, led by Goldman Sachs, Deutsche Bank, Citi, Morgan Stanley, Barclays Capital, Bank of America Merrill Lynch, Credit Suisse, J.P. Morgan and UBS, in what was the largest Asia ex-Japan ECM transaction so...