Companies urged to strap on equity as shareholders pledge Covid-19 support

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By Aidan Gregory, Sam Kerr
08 Apr 2020

EMEA equity capital markets have reopened in dramatic style as companies rush to raise emergency funds at a time of maximum uncertainty because of the Covid-19 pandemic. Companies are being urged to act quickly in case market confidence evaporates again as the deadly disease continues to spread, write Sam Kerr and Aidan Gregory.

In two weeks, Covid-19 equity recaps in Europe have gone from being largely banker conjecture to a multi-billion dollar effort. As of Wednesday morning, more than $3.2bn of equity issuance volume, directly related to Covid-19, had been priced in EMEA, according to figures from Dealogic.

The volume ...

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