Equity Capital Markets
The Asian equity capital markets have raised a total of $632 million through 11 deals so far this week, up slightly on the $568 million raised in the same period last week.
Seven out of the 11 deals this week were follow-on transactions the largest of which was a $235 million follow-on for China Spacesat through bookrunner China Securities. Jinxi Axle raised $209 million via a follow-on through Guotai Junan Securities in what was the second biggest transaction this week.
Follow-on volume in the region has reached $66.3 billion in 2013 for the year to date, up 5% year-on-year. In contrast, IPO...
