Equity Capital Markets
Just over $1 billion was raised this week the equity capital markets. SM Investments completed its IPO late on Thursday to boost an otherwise quiet market. Macquarie ran the books on the deal that pushed it into fifth place in the table with $590 million. This is the fourth deal of the year to come out of the Philippines and pushes the funds raised to almost $1 billion - eight times the $123 million recorded in the whole of 2004. Deutsche Bank acted as sole lead on the $200 million convertible for Chinese Estates Holdings. This moved the German house into the top three on $750 million from...
