Equity Capital Markets
Asia ex Japan ECM volume stands at $470m via 10 deals so far this week compared to the $2.4bn via 22 deals completed in the previous week.
South Korean issuer Lotte Tour Development completed a $191 follow-on via Mirae Asset Daewoo in what is the largest Asia ex Japan ECM transaction this week.
South Korea listed ECM volume stands at $12.7bn via 114 deals in 2018 YTD, a fifth consecutive year-on-year increase since 2013 $5.5bn and the second highest YTD volume on record, behind 2010 $12.7bn. Despite increase in volume, activity has dropped for the second consecutive YTD,...