Equity capital markets
The Asian equity markets have raised $2.9 billion through 12 deals during the past week, compared to $2 billion raised during the same period the previous week.
The biggest deal of the week was a $2.1 billion IPO for BTS Rail Mass Transit Growth Infrastructure Fund through bookrunners Morgan Stanley, UBS and Phatra Securities in what is Thailand’s biggest IPO on record and the second-largest listing globally behind Zoetis’ $2.6 billion IPO priced in January. The deal pushes Morgan Stanley to third place in the league table ranking.
The other notable deal of the week was SapuraKencana Petroleum’s $531 million...