Equity Capital Markets
The Asian equity capital markets have raised $2.4 billion through 17 transactions this week, up from the $1.6 billion raised through 22 deals last week.
OUE Hospitality Trust’s $475 million IPO through bookrunners Credit Suisse, Goldman Sachs, Standard Chartered, Bank of America Merrill Lynch, Deutsche Bank and OCBC was the largest deal of the week. Another notable transaction was the $400 million IPO for SPH Reit, which was arranged by Credit Suisse, DBS and OCBC.
These two deals bring Asia ex-Japan Reit ECM volume to $4.2 billion in 2013 year-to-date, more than double the $1.7 billion raised...