Equity Capital Markets
A total of $2.3 billion has been raised by Asia ex-Japan issuers in the equity capital markets this week through 23 transactions, compared to the $3.8 billion raised in the same period last week.
HKT Trust’s $1.0 billion rights offer through bookrunners Standard Chartered, HSBC, Goldman Sachs, Citi, Morgan Stanley and Deutsche Bank was the largest deal of the week and the third largest ECM transaction from a Hong Kong group this year.
Asia ex-Japan rights offer volume has reached $8.7 billion in 2014 YTD, the highest YTD level since 2011 $9.4 billion and up 31% year-on-year.
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