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EquityFollow-ons and Rights issues

EDPR sells cheap to price €1.5bn 're-IPO' amid rising bond yields inflation fears


EDP Renováveis, the Portuguese renewable energy company, priced a €1.5bn capital increase on Tuesday night. The trade will help the company fund expansion and attracted strong demand, but it had to offer a big discount as fears over rising bond yields continued to cast a shadow over the sector.

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