Equity capital markets
Activity in the Asian equity markets totalled $1 billion through 15 deals so far this week, down from the $1.5 billion raised through 20 deals recorded in the same period last week. This brings 2012 volume to $61.3 billion, down from the $82.6 billion raised during the same period 2011.
A $228 million follow-on for Shanghai Synica through bookrunner Guotai Junan Securities was the biggest transaction of the week and the third-largest in the chemicals sector for the region this year.
The chemicals sector has seen $2 billion worth of ECM activity so far this year, down 60% on the record $5...