Equity Capital Markets
Asia ex-Japan ECM deals activity was down two consecutive weeks. This week’s volume stands at 2.4bn via 18 deals, halved from the $5.4bn 20 deals raised last week.
On November 22, Thai issuer Gulf Energy Development completed a $732m IPO via a consortium of five bookrunners. This is the largest Asia ex-Japan ECM transaction for the week, and the third largest Southeast Asia ECM transaction in the Utility Energy sector on record.
Asia ex-Japan Utility Energy ECM volume stands at $8.4bn via 44 deals so far this year, down from the $12.2bn via 46 deals in 2016 YTD. China accounts...