Dong to stay private amid Scandi IPO search

State-owned Danish utility Dong said on Wednesday that it will find the new capital that it needs through a private placement of shares rather than through a revival of the IPO plan ditched in 2008. It disappointed those hoping for Scandinavian ECM issuance, with bankers in the region struggling to find more IPO candidates of sufficient size to attract investors.

  • 01 Mar 2013

Corporate issuers are instead turning to M&A and the burgeoning bond markets in Sweden, Denmark and Norway.

Dong is looking to raise more than Dkr8bn ($1.4bn) after disappointing results. Its decision not to try again with its postponed IPO is partly political — but it is reflective of a ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 357,043.08 1340 9.06%
2 JPMorgan 319,078.96 1445 8.09%
3 Bank of America Merrill Lynch 316,666.04 1099 8.03%
4 Goldman Sachs 236,643.87 789 6.00%
5 Barclays 230,494.28 891 5.85%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 34,591.50 163 6.58%
2 Deutsche Bank 34,293.84 117 6.53%
3 Bank of America Merrill Lynch 31,293.04 95 5.96%
4 BNP Paribas 27,578.61 168 5.25%
5 SG Corporate & Investment Banking 23,982.83 136 4.56%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.86%
2 Morgan Stanley 16,323.54 83 7.32%
3 Citi 15,946.50 94 7.15%
4 UBS 15,487.17 60 6.95%
5 Goldman Sachs 14,053.61 76 6.30%