Saipem underwriters left long with €592m as rights auction falls short

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Follow-ons and Rights issues

Saipem underwriters left long with €592m as rights auction falls short

Victoria Thiele
July 14, 2022 06:09 pm
The Saipem 7000 on 29.12.2015 in the port of Eemshaven (Niederlande) is the second largest swimming crane in the world. | usage worldwide

Issuer opts against using failsafe mechanism introduced by regulators because of its last failed rights issue

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Victoria Thiele
Senior Reporter - CLOs
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