After a couple of weeks of light placement activity, the market got a boost last night with two sizeable deals. And it was probably not a coincidence that they came from two of the best performing markets in Asia this year. With full-year and first quarter earnings reports now largely out of the way, issuers are taking advantage of the share price gains to raise fresh capital.
The first company to hit the market yesterday was International Container Terminal Service Inc ICTSI out of the Philippines. Supported by good demand both before and after launch, the deal was upsized in full and ended up raising Ps8.19 billion $199 million....
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