Global upstream capital raising activity stood at $4.9bn from 47 transactions in October 2017, according to a report by GlobalData.
Titled ‘Monthly Upstream Capital Raising Review – October 2017’, the report gives a brief picture of the global upstream capital raising activity during October 2017.
The global capital raising market was led by the Americas in terms of both volume and value at 49% and 65% respectively, which was derived from 23 deals with a combined value of $3.2bn.
The biggest deal registered in the Americas was CrownRock’s private placement of 5.625% senior notes to raise a sum of $1bn.
Nine of the 47 transactions recorded during the month were greater than $100m in value, totalling $4.6bn.
The previous month saw 34 deals greater than $100m recorded, valuing $23.8bn in total.
