Equity capital markets
Asia ex-Japan equity capital market volumes totalled $1.5 billion this week from 20 transactions, pushing year-to-date volume to $6 billion, down from the $22 billion recorded during the comparable 2011 period.
China Communications Services Corp’s $475 million follow-on, led by Citic Securities, was the biggest transaction this week, lifting Citic into the top 10 ECM bookrunner ranking for the region.
Temasek’s $298 million sell-down of its stake in ICICI Bank was the second-biggest deal of the week and the biggest Indian equity deal so far this year. Goldman Sachs ws sole bookrunner on the deal, helping the bank to rise to third...