Equity capital markets
Activity in the Asian equity markets has totalled $2.2 billion so far this week, almost double the $1.3 billion raised in the same period last week, and marking the biggest issuance since the week of May 7 $806 million through 23 deals.
Volume was pushed by a $1.3 billion equity-linked deal for China Shipbuilding Industry through sole bookrunner China International Capital Corp in what was the largest ECM transaction this week and the third largest equity-linked transaction globally so far in 2012. The deal helps bring China International Capital Corp to ninth place in the league table ranking.
The second-biggest deal...