Equity capital markets
A total of $6.6 billion has been raised in the equity capital markets so far this week through 51 deals, down from the $28.2 billion seen in the same period last week when Alibaba Group Holding’s completed its landmark $25 billion IPO.
The largest transaction this week was a $2.6 billion rights issue for OCBC through bookrunners Bank of America Merrill Lynch, HSBC and JPMorgan. The deal is the largest rights issue from the region since China Merchants Bank’s $5.5 billion rights offer completed in September 2013.
The volume of Asia ex-Japan rights issues...