Equity capital markets
During the past week, activity in Asia ex-Japan equity capital markets totalled $2.2 billion from seven deals, as of lunchtime on Friday, down from the $5.2 billion raised during the previous week. That brings year-to-date volumes to $125.7 billion, down 7% year-on-year and marking the lowest year-to-date level since 2009 $102.3 billion.
The biggest deal of the week was Astro Malaysia’s $1.5 billion IPO through a consortium of 14 bookrunners. The deal also marks the fourth-biggest new listing in the region so far this year, and the biggest new listing worldwide in the telecom sector this year.
Equity capital markets volume...