Equity capital markets
Activity in the equity capital markets reached $346 million this week through two issues, down significantly on the $3.6 billion raised during the same period last week, marking the lowest volume since the week of January 23 $310 million from one deal.
The biggest deal of the week was a $150 million follow on for SM Investments Corp, a Philippines-based holding company with operations ranging from property developments and hotels to retail and banking. Arranged by Macquarie, the deal was also the biggest ECM transaction from Asia’s retail sector so far this year.
Baiyang Aquatic Group completed an $83...