Equity capital markets
The Asian equity markets have raised a total of $2.3 billion so far this week through 25 deals, compared to the $4.9 billion raised during the same period last week.
Southeast Asian issuers led issuance with nine deals priced this week for a combined total of $1.1 billion, down slightly compared to the $1.7 billion raised last week. The biggest deal of the week was from Cosco Capital, a Philippines issuer, with a $397 million follow-on through bookrunners Deutsche Bank and J.P. Morgan.
The deal brings Philippines ECM volume to a record $3.3 billion from 14 deals in 2013 year-to-date,...