Equity capital markets
Activity in the Asian equity capital markets totalled $809 million this week through 11 deals, compared to the $3.5 billion raised in the same period last week.
The largest deal of the week is a $312 million equity-linked deal for Bangkok Dusit Medical Services through bookrunners Bank of America Merrill Lynch, Credit Suisse, Phatra Securites and Siam Commercial Bank. The deal is the biggest Thai ECM transaction in 2014 so far this year and the second largest equity-linked deal in Southeast Asia in 2014 year-to-date.
Thai ECM volume has reached $1.7 billion in 2014 year-to-date, compared to the $4.8 billion raised in the same period last year and is the lowest year-to-date volume since 2010 ($410 million).
Goldman Sachs continues to lead the league table ranking with $7.9 billion, followed by UBS and Credit Suisse.