Equity capital markets
There was a total of $1.3 billion of activity in Asia’s equity capital markets through six issues this week, pushing year-to-date issuance to $123 billion an 18% decrease compared to the same period last year.
Goldman Sachs remains at the top of the bookrunner ranking with $10.4 billion, followed by Morgan Stanley and UBS.
GD Power Development’s $862 million equity-linked issue was the largest deal of the week and led by UBS, China Merchants Securities and Shenyin Wanguo Securities.
Issues scheduled to price next week include a $60 million follow-on for China Agri-Products Exchange led by Kingston...