Phoenix wins hedge fund backer for £250m cap hike
Phoenix Group Holdings, the closed-life insurance firm, launched a £250m placing and open offer designed to support a re-profiling of its loans and to increase dividend payments. The deal is fully backed by alternative asset manager Och-Ziff at a small discount to the recent share price, instead of being underwritten by a bank syndicate.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: