Equity Capital Markets
A total of $1.1 billion has been raised by Asia ex Japan issuers in the equity capital markets so far this week through 20 deals, down 79% on the $5 billion raised through 32 deals in the same period last year.
Notable deals this week include SSI Group’s $145 million IPO through bookrunners Bank of the Philippine Islands, Credit Suisse and HSBC. This is the largest ECM deal in Asia ex Japan this week, and the largest Philippines IPO so far this year.
Issuers from the Philippines have raised only $241 million via IPOs so far in 2014, down sharply...