Equity Capital Markets
Asia ex-Japan ECM volume increased 60% this week to $10bn 22 deals, from $6bn 48 deals raised last week.
This week Chinese companies issued the third and fourth billion dollar-plus convertible bonds. On Jan 30, China Evergrande Group issued a $2.3bn convertible bond, topped by China National Petroleum Corp the same day, which issued a $3.2bn CB - the second largest convertible bond from China’s OilGas sector since Sinopec in 2011 $3.5bn.
Thirteen Chinese companies have issued convertible bonds so far this year, raising $10.7bn. Full year volume in 2017 was $27.9bn.
16 Asia ex Japan...