Equity capital markets
A total of $2.4 billion has been raised in the equity capital markets so far this week, more than double the $1 billion raised in the same period last week and the highest weekly level since the week of March 31 $8.2 billion.
Pacific Securities’ $608 million follow-on was the largest deal of the week through sole bookrunner China Xinda Trust Investment Corp. The deal is also the eighth largest Chinese follow-on so far this year.
The second largest deal to complete this week is a $340 million follow-on for Hanwha Chemical through bookrunners Citi and Goldman Sachs. The...