Equity capital markets
Activity in the Asian equity capital markets totalled $2.7 billion this week from 15 transactions, representing the highest weekly level since the week of December 19, 2011 which also saw $2.7 billion of activity. It pushes year-to-date issuance to $11.4 billion however that is still down from the $27.5 billion raised in the same period last year. Citi tops the league table ranking with $2.3 billion, followed by Citic Securities and Goldman Sachs.
The largest deal of the week was the self-led $1.9 billion sell-down in Housing Development Finance Corp HDFC by Citi, which was completed today February 24. The accelerated bookbuild marks...
