Equity Capital Markets
A total of $7.0 billion has been raised in the Asian equity capital markets this week through 18 transactions, the highest weekly volume since the week of May 13th $7.0 billion and more than triple the $1.9 billion raised in the same period last week.
Volume was driven by China Merchant Bank’s $4.5 billion A-share rights issue through bookrunners China International Capital and Goldman Sachs. The H-share share portion of $1.0 billion is expected to price at the end of September.
The deal already stands as the third largest ECM transaction globally and the fifth biggest Asia ex Japan rights issue...