Equity Capital Markets
A total of $3.6 billion has been raised in the Asian equity capital markets this week through 22 deals, down 44% on the $6.3 billion raised in the previous week and brings year-to-date volume to $66.4 billion, a 9% drop from the same period last year.
This week’s volume was mostly bolstered by two private placements from Real Estate companies with a combined value of $1.3 billion. The larger of the two is Zhongnan Holding’s $716 million placement through bookrunner Guotai Junan Securities for project financing purposes. The other deal is Zhonghong Holding’s $602 million follow-on via bookrunner China Orient Asset Management.