Equity capital markets
Asian equity capital markets generated $4.8 billion of activity from 18 deals this week more than triple the $1.3 billion turnover last week.
Temasek drove the spike in volumes as it sold off some of its investments in China’s financial industry. The sale of a $2.4 billion stake in Bank of China was the third-biggest equity capital markets transaction so far this year in the region, and was marketed alongside a $1.2 billion stake in China Construction Bank.
Morgan Stanley was the bookrunner on both Temasek transactions, helping to push it up the rankings to second spot, behind Goldman Sachs.
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