India: Asia’s ECM bright spot

Issuance activity picks up backed by strong domestic and international fund flows.

India has been the noticeable bright spot for Asia equity capital markets in 2017 and the momentum is likely to continue into the fourth quarter according to investment bankers.

As FinanceAsia has been reporting in a series of autumn previews, Asia has largely been able to hold its own so far this year thanks to India and South Korea.

India currently stands in second place in the issuance league tables with a 24.61% market share in the yea to end-August, double last year’s 12.21% level according to Dealogic figures. South Korea is third on 18.59%, although bankers expect issuance to tail off during the...

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