Equity capital markets
Activity in the equity capital markets have reached $2.5 billion through 25 transactions, down 34% on the $3.8 billion raised in the same period last week.
The biggest transaction of the week was a $616 million block trade in Hyundai Motor through sole bookrunner Citi in what was the biggest South Korean ECM deal so far this year.
This pushes South Korea ECM volume to $4.8 billion in 2012 year-to-date, down 54% from the $10.4 billion raised during the same 2011 period, and marks the lowest year-to-date level since 2008 $3.5 billion.
Ascendas Hospitality Business Trust also completed...