Equity Capital Markets
Asia ex Japan issuers have raised $2.5 billion through 21 deals so far this week, down slightly on the $3.7 billion last week.
The largest deal of the week is Chongqing New Century Cruise’s $764 million follow-on through sole book Haitong Securities. The deal is also the largest Transport sector ECM transaction globally so far this year.
This deal brings A-share ECM issuance to $60.8 billion so far this year, up 34% year-on-year. Despite the increase, overall Asia ex Japan ECM volume is down 28% during the same period to $84.5 billion.
CITIC Securities continues its lead in...