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
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%