Six banks share risk in Segro rights offer
A syndicate of no less than six banks is sharing the underwriting risk in the £500m rights issue of commercial property group Segro. While Merrill Lynch and UBS are lead managers, four other banks are acting as co-managers on the deal, compared to just two underwriters on the British Land and Hammerson deals. Is there enough support for property sector cash calls? Read EuroWeek on Friday.
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