Equity capital markets
Activity in the equity capital markets has reached $703 million through 14 transactions, almost on par with the $732 million raised in the same period last week and marks the second consecutive week where weekly volume has been below the $1 billion mark.
The biggest deal of the week was a $254 million convertible bond for Cathay Financial Holding through sole bookrunner J.P. Morgan. The deal pushes Asia ex Japan equity-linked issuance to $5.6 billion so far in 2012, down 68% on the $17.2 billion raised during the same period last year and represents the lowest year-to-date level since 2000 $2.8 billion. Taiwan...
