Equity Capital Markets
Asia ex Japan issuers have raised $5.0 billion through 21 deals in the equity capital markets so far this week, down from the $8.2 billion 37 deals raised last week.
Two $1bn transactions have priced so far this week, i.e. Fengfan’s $2.0bn cash placing via sole bookrunner CITIC Securities, and China Eastern Airlines Corp’s $1.3bn follow-on via bookrunners CICC, Credit Suisse, and China Everbright Group. These two deals are respectively the largest A-share ECM deals in the Technology and Transportation sector in 2016 YTD.
A-share follow-on volume of 2016 YTD stands at a record high of $69.5bn 209 deals...