Equity capital markets
Activity in Asian equity markets totalled $4.8 billion through 22 deals so far this week, down from the $7.1 billion through 34 deals in the previous week.
Sinopec’s $3.1 billion follow-on through sole bookrunner Goldman Sachs was the biggest transaction to complete this week and marks the second-biggest ECM deal globally in 2013.
Chinese issuers have raised $16.6 billion in the equity capital markets so far this year, representing a 23% share of global ECM volume $73.4 billion. Only the US has been more active, with $18.9 billion and a 26% share.
Goldman Sachs continues to lead the...