Equity capital markets
Activity in the Asian equity markets has reached $3.4 billion through 18 deals so far this week, up from the $2.4 billion raised last week.
Volume was driven by Temasek Holdings’ selldown on China Construction Bank and Bank of China through two simultaneous $1.2 billion follow-ons led by Bank of America Merrill Lynch and Morgan Stanley. The two deals are the biggest offerings to complete this week in the region.
Morgan Stanley has inched up the league table rankings to sixth place on the back of these two transactions. Goldman Sachs continues to lead the league table ranking with $5.8 billion,...