Equity Capital Markets
It was a lacklustre week in the equity capital markets with only $37 million raised from nine issues. The league table ranking remains static, led by Bank of America - Merrill Lynch $1.93 billion, UBS $1.87 billion and Morgan Stanley $1.7 billion in the top three places.
Year-to-date issuance in the region stands at $9.8 billion - down 13% from the $11.3 billion raised in the same period last year and the lowest year-to-date level since 2005 when volumes reached $7.7 billion.
Deals scheduled to price next week include Pusan Bank's $146 million W200 billion follow-on offering via bookrunners Daewoo Securities, Mirae Asset Securities and HI Investment Securities.
Debt Capital Markets...