Equity Capital Markets
A total of $1.6 billion has been raised by Asia ex-Japan issuers in the equity capital markets so far this week through 18 deals, up slightly on the $1.3 billion raised through 20 deals in the same period last week.
The largest deal of the week was a $634 million follow-on for Beijing Urban Construction Investment Development through bookrunner China Securities. The deal marks the second largest construction sector ECM deal in the region so far in 2014, behind China Gezhouba Group’s $651 million follow-on completed in March.
Asia ex-Japan construction sector follow-on volume has reached $5.1 billion in 2014 YTD,...