Equity capital markets
Activity in the equity capital markets has reached $4 billion through 27 transactions so far this week, up from the $3.2 billion raised during the same 2011 period.
The week’s biggest deal was a $1.1 billion sell-down in NMDC by the government of India through bookrunners Axis Bank, Citi, Bank of America Merrill Lynch, Goldman Sachs and ICICI Bank. The deal also marks the third-biggest Indian ECM transaction so far this year and the second-largest ECM transaction globally in the mining sector in 2012 year-to-date.
The deal helps push Indian ECM volume to $13.9 billion in 2012 year-to-date, up 42%...
