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EquityEquity - Follow-ons and Rights issues

Bear market to trigger recapitalisations, but make them harder


Companies with weak balance sheets will find it difficult to raise equity capital in the weeks ahead after oil prices plunged 30% overnight, tipping global stockmarkets into bear market territory. The difficulty is likely to be particularly acute for companies in sectors heavily exposed to the spread of the Covid-19 virus, such as energy, travel and tourism.

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