Equity Capital Markets
Asia ex-Japan ECM volume sits at $4.6bn via 27 deals this week, down from $7.2bn 43 deals raised last week.
The largest equity raising this week was a $1bn convertible bond by Poseidon Finance 1 Ltd on the Hong Kong Exchange Main Board. The book was run by BNP Paribas, CITIC Securities, and China Merchants Securities Co Ltd.
Convertible volume is $2.4bn this year-to-date, up 160% from the same period in 2017. The Finance sector has priced five convertible bonds so far this year, the busiest start to the year on record and as many as were issued all last year....
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