Singapore's US$2.1bn Equity Capital Market volume ranked second in SE Asia

Indonesia lead the region with US$2.2 billion - the highest YTD volume on record.

According to Dealogic, PT Bank Mandiri's US$905 million follow-on drove the high YTD volume of Indonesia.

SE Asian ECM volume reached US$6.2 billion via 47 deals - the largest YTD volume on record, ahead of the US$4.7 billion raised in 2010 YTD.

However, total SE Asian DCM volume fell 6% from the previous YTD record set in 2010 to reach US$15.6 billion. This is despite record YTD issuances from the Philippines, Malaysia and Singapore ith US$7.4 billion, US$3.6 billion and US$3.4 billion respectively.

Thailand and Indonesia are the only nations to buck the upward trend with declines of 48% and 83% respectively.