Equity

Top Equity News

• Year of jumbo deals brings mixed fortunes for banks and issuers

  The equity capital markets have seen more jumbo deals than any time since 2008 so far in 2014, bringing league table success for the banks that have managed to pick up mandates on the deals for financial institutions.

  • 23 Jul 2014
  

• BCP doubles share capital after rights issue

  Banco Comercial Portugues has more than doubled its existing share capital from €1.465bn to €3.707bn on the completion of its €2.24bn rights offer.

  • 23 Jul 2014
  

• Logista wraps up greenshoe allocation

  The overallotment option of the Logista IPO, which saw Imperial Tobacco spin off part of its southern European logistics firm Altadis, has now been fully sold.

  • 23 Jul 2014
  

• Nigerian oil and gas firm launches cap hike to fund well

  Nigerian oil and gas firm Sirius Petroleum launched a capital raise on Wednesday that will help fund a new well if it can find further funding after the deal is completed.

  • 23 Jul 2014
  

• Saudi Arabia's move to open up stock market welcomed with caution

  Saudi Arabia’s financial regulator’s announcement on Tuesday that its stock market would be opened to international investors was welcomed by bankers across the markets, but their excitement was tempered by caution until more details of the reforms are revealed.

  • 22 Jul 2014
  

Coverage Message

Where the Pope goes, the capital markets follow, it seems. Pope Francis is off to the Middle East this weekend  and, among other things, there will be a flurry of capital markets deals there awaiting him.

The Qatari royal family helped Deutsche achieve its €8bn capital raise this week, which might have added to some of the confusion that surrounded the deal. Sukuk is merging with socially responsible investing, with some Middle Eastern firms looking to launch the first green sukuk. And they’re likely to go well: Dar Al Arkan got a $1bn book for its $400m, non-green deal this week. But they could have competition from the Kangaroo market, where Middle Eastern issuers are headed. And it hasn’t gone unnoticed by the Russians, with Sberbank signing a memorandum of strategic co-operation with Abu Dhabi investment firm Invest AD.

If all that talk of the Middle East has you yearning for a change of scenery, these tales of corporate boomerangs — fleeing from and returning to firms including investment banks — might crush those dreams.

Latest Equity News

• Jumbo year brings joy for banks and blocks

  The equity capital markets have seen more jumbo deals than any time since 2008 so far in 2014. Most of those deals have been for financial institutions.

  • 24 Jul 2014

• IPO season ends with low-key Spire and Alexander Forbes deals

  Europe's IPO market all but closed for the summer last week, as the last big two deals were priced. Investor fatigue and early holidays contributed to lower pricing than bankers had hoped.

  • 24 Jul 2014

• Saudi market opening in sight with NCB in frame to be first

  Saudi Arabia moved this week to open up its $530bn stock market to international investors in what bankers said could be a game-changer for IPOs and other capital market deals from the country. National Commercial Bank, a lender with $100bn of assets, could be the one of the first listings accessible to foreign buyers, but market participants are waiting for more details of the reforms before starting the celebrations.

  • 24 Jul 2014

• With time, the Royal Mail IPO looks less like a failure

  The public was outraged about the Royal Mail's IPO far faster than the deal could be digested. But a timely profit warning from the company has shown that it takes time to evaluate the deal properly.

  • 24 Jul 2014

• Barclays hits back over dark pool lawsuit

  Barclays has roundly rejected the New York attorney general’s complaint about its dark pool, saying that it is based on “clear and substantial factual errors” and that the very documents that the suit is based on “along with the complaint’s other fatal flaws” should get it thrown out.

  • 24 Jul 2014

• Leonteq set to grow further with $200m rights issue

  Financial IT firm Leonteq is to raise Sfr173m ($192m) through a fully underwritten capital raise that will help fund further growth after strong results.

  • 24 Jul 2014

• Sequana completes restructuring capital raise

  French paper maker Sequana completed a capital raise on Thursday that will allow for the restructuring of its two subsidiaries.

  • 24 Jul 2014

• NBG to sell Finansbank holding as part of Greek state aid agreement

  National Bank of Greece has agreed with regulators that it will sell down its holding in Turkish subsidiary Finansbank, it said on Wednesday evening.

  • 24 Jul 2014

• Alexander Forbes and Epwin trade up after IPOs

  Newly listed shares in the South Africa's Alexander Forbes and the UK's Epwin both traded up after their Wednesday IPOs.

  • 24 Jul 2014

• Equity Capital Markets, News in Brief — July 25, 2014

  Petrokemija — Finansbank — Sirius Petroleum — Banco Comercial Portugues — Leonteq

  • 23 Jul 2014