The Asian equity capital markets got hit with more than $2 billion worth of financial paper at the end of last week, but thanks to significant domestic demand and a rigorous wall-crossing activity in the case of one of the deals, the market had no problem absorbing the stock. Never mind that the two transactions came in a week when Hong Kong was closed on Monday and Tuesday and the monthly US payrolls report was due late Friday.
First out was US private equity firm Carlyle, which sold its remaining stake in India’s Housing Development and Financing Corp HDFC through a Rs43.32 billion $838 million block trade. The deal...
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