Equity capital markets
Activity in the equity capital markets stands at $3.1 billion through 21 issues so far this week and brings the year-to-date total to $79.2 billion, down from the $103 billion raised during the same 2011 period.
BDO Unibank’s $1 billion rights offer was the biggest transaction to complete in the region this week, through bookrunners Citi, Deutsche Bank, J.P. Morgan and BDO Capital. The deal marks the largest ECM transaction in the Philippines on record and also the second-biggest Southeast Asia ECM transaction so far this year, and helps push Citi up a notch in the league table to third place.
...
