Equity Capital Markets
A total of $2.5 billion has been raised in the Asian equity capital markets through 13 deals so far this week, down 26% from the $3.4 billion raised in the same period last week. Activity is also down compared to the 28 deals completed last week and is the lowest weekly activity since February 16 10 deals.
The largest deal of the week is Indian Oil’s $1.4 billion follow-on through bookrunners Citi, Deutsche Bank, JM Financial, Kotak Mahindra Bank and Nomura.
The deal is the third largest Indian ECM transaction so far this year and marks the fifth sell down...
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