Placements have been a key theme this week with several deals out of Hong Kong, and yesterday Southeast Asia joined the action as well with two large transactions that together raised $1 billion. The deals were well received and confirmed that investors are keen to add more risk to their portfolios.
Philippine conglomerate GT Capital was first out with a combined primary share follow-on and sell-down by the controlling shareholder, which hit the market at about 4pm Hong Kong time. After being upsized by close to 13% to facilitate the allocations, the deal size was fixed at Ps14.24 billion $350 million.
Three hours later, Temasek-controlled...
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