Equity capital markets
Activity in Asian equity markets reached $905 million through six deals during the past week, down from the $7.2 billion raised through 28 deals in the previous week, bringing year-to-date volume to $27.2 billion.
ING’s $669 million sale of its stake in KB Financial Group was the biggest deal of the week and led by sole bookrunner Bank of America Merrill Lynch. This deal marks the biggest follow-on from a Korean issuer so far this year and also the 10th-largest Asia ex-Japan follow-on so far in 2013. The deal pushes Korea ECM volume to $1.4 billion, lifting the country to third in the regional...
