Equity capital markets
The Asian equity markets raised $1.4 billion through 15 transactions this week, down from the $2.2 billion raised through 20 transactions in the same period last week and brings year-to-date volume to $85 billion so far this year, up 4% year-on-year.
A $502 million follow-on for First Pacific through sole bookrunner HSBC is the biggest deal of the week and the largest deal by Asian issuers since Fubon Financial Holding’s $850 million follow-on completed on July 2.
The second-biggest deal of the week is a $283 million accelerated bookbuild for New China Life Insurance through sole bookrunner...
