Equity capital markets
Activity in the Asian equity markets reached $5.1 billion through 21 deals during the past week, the busiest weekly level since February 4 $7.2 billion through 28 deals and more than triple the $1.3 billion raised during the same period during the previous week.
Volume was pushed by China Minsheng Banking’s $3.2 billion equity-linked deal through bookrunners Haitong Securties and UBS. It is the third-biggest global ECM transaction so far this year and the fourth-largest equity-linked transaction in Asia ex-Japan on record. Haitong Securities has jumped to fifth place on the back of its work on the deal, up from 16th place.