Equity capital markets
A total of $2.1 billion has been raised from the Asia ex-Japan equity capital markets this week through 23 issues, pushing year-to-date volumes to $13.7 billion, down 58% on the same period in 2011. Based on the number of issues, it was the busiest week so far in 2012.
Citi continues to lead the league table ranking with $2.4 billion, followed by J.P. Morgan and Goldman with $1.3 billion and $1.1 billion respectively.
Country Garden’s $400 million follow-on was the biggest deal of the week, through bookrunners Goldman Sachs and J.P. Morgan.