Equity Capital Markets
Asia ex Japan issuers have raised a total of $2.5 billion through 26 deals this week, considerably down compared to the $6.4 billion raised last week via 45 deals.
The largest deal of the week is China’s Zhejiang Expressway’s convertible deal for $389 million via bookrunners Bank of China, China International Capital Corp, and Citi.
Asia ex Japan ECM volume totals to $63.0 billion so far this year, up 13% from the same period last year. Follow-on deals lead the volume with $43.4 billion, while IPOs and convertibles follow with $13.7 billion and $5.8 billion.