Equity Capital Markets
A total of $2.2 billion has been raised in the equity capital markets so far this week through 23 deals, down from the $4.1 billion raised in the same period last week.
The largest deal of the week is Tongkun Group’s $457 million follow-on through sole bookrunner Citic Securities and brings Asia ex Japan Chemicals sector ECM volume to $6.0 billion so far this year, the third consecutive YTD increase and the highest YTD volume on record.
Asia ex Japan ECM volume has reached $100.3 billion so far this year, down 30% from $144.1 billion raised last YTD. Chinese issuance...