Equity capital markets
Asia ex-Japan issuers raised a total of $3.2 billion in the equity capital markets so far this week through 24 transactions, compared to the $2.8 billion raised during the same period last week. This brings year-to-date issuance to $95 billion, up 11% year-on-year.
The largest deal of the week was Dongfang Electric’s $647 million equity-linked deal through bookrunners Citic Securities, Credit Suisse and J.P. Morgan. The deal is the second-biggest equity-linked deal in the region so far this year and Asia’s largest machinery sector ECM deal in 2014 year-to-date.
Regional equity-linked issuance stands at $9.3 billion in 2014 so...