Equity Capital Markets
A total of $2 billion has been raised by Asia ex-Japan issuers in the equity capital markets so far this week through 18 deals, down 62% on the $5.3 billion raised in the same period last week.
The largest deal of the week is a $540 million rights issue for GS Engineering Construction Corp through bookrunners Woori Investment Securities and KB Financial Group. The deal is also the largest deal from a Korean issuer since October 2013 when Korea Gas Corp raised $670 million through a rights issue.
Asia ex-Japan rights issues volume has reached $6.7 billion in 2014 YTD, the highest YTD level since 2011 $7.8 billion and...