Equity Capital Markets
A total of $892 million has been raised in the Asian equity capital markets so far this week through eight deals, down from the $2.1 billion raised in the same period last week, bringing year-to-date issuance to $52.3 billion, down 3% year-on-year.
The largest deal this week was a $310 million IPO for Pacc Offshore Services Holdings through bookrunners Bank of America Merrill Lynch, DBS and OCBC. The deal is also the biggest ECM transaction from a Singaporean issuer in 2014 YTD.
Singapore accounts for 19% of Southeast Asia ECM volume with $1.1 billion in 2014 YTD, down from...