two-more-issuers-tap-markets-before-q2-ends

Two more issuers tap markets before Q2 ends

Chinese property developer KWG Property raises $197 million for land acquisitions and IndiaÆs United Spirits sells $188 million worth of shares to pay down debt.

Another property developer and an Indian producer and distributor of spirits joined the deluge of companies raising money from equity sales in the final days of the second quarter. The April-June period turned out to be significantly stronger than most market participants expected at the beginning of the year. Whether this newfound investor confidence stays intact remains to be seen, and bankers expect a meaningful number of listed companies will try to tap the equity markets in the next couple of months just in case the window shuts.

Property companies across the region are among those most hungry for capital, with several developers in China having come to market over the past couple...

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