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EquityEquity - Follow-ons and Rights issues

Bear market to trigger recapitalisations, but make them harder

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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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