Equity Capital Markets
A total of $2.4 billion has been raised in the Asian equity capital markets so far this week through 11 deals, compared to the $3.4 billion raised in the same period last week, bringing year-to-date issuance to $35.4 billion, down 15% year-on-year.
The largest deal of the week is a $814 million follow-on for AVIC Capital through bookrunners China Securities, Avic Securities and Credit Suisse.
Asia ex-Japan follow-on volume has reached $20.5 billion so far this year, the lowest YTD level since 2011 $15.5 billion and down 37% on 2013 YTD $32.8 billion.
Another notable deal to complete...