More billion-dollar equity deals expected in Asean with markets rebound: Citi

Singapore

CITI is expecting more billion-dollar deals in South-east Asia's equity capital markets over the next 12 months as markets rebound, with the region looking to play catch up to the rest of the world.

The big transactions are likely to come from tech, household consumer and healthcare players - the clear winners from the Covid-19 crisis - to raise fresh equity for growth as business confidence recovers in the region, said Udhay Furtado, Citi co-head for Asia equity capital markets, in an exclusive interview with The Business Times.