BHW pulls Eu1.5bn issue as investors remain cautious of new equity offers

15 Feb 2002

The recovery of the equity capital markets was in doubt last night as BHW Holdings pulled what would have been the first major European fully marketed issue of 2002.

The Eu1.5bn deal, lead managed by Credit Suisse First Boston and Dresdner Kleinwort Wasserstein, was expected to be priced yesterday (Thursday) but was postponed after investors failed to come into the book in the volume hoped for. "The transaction could have been done," said a banker close to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial