Hammerson, the UK property company, launched a £550m rights issue on Thursday morning, becoming the latest firm to come to market with a large capital raise to offset the damage of a long Covid-19 pandemic.
Carnival Cruises has launched a partial buy-back of the $2bn three year 5.75% convertible bond it issued in April to provide itself with more liquidity during the Covid-19 global pandemic.
Equity capital markets are preparing for a busy autumn, with companies looking to raise cash to survive and thrive through the Covid-19 pandemic.
The insurance industry is eagerly awaiting the result of a court case which would determine whether they have to pay out Covid-19 claims under basic business interruption policies.
Hipgnosis Songs Fund, the London-listed investment fund focused on music catalogues, has used £236m of growth capital raised last month to purchase athe rights to songs by Blondie.
Mediolanum International Funds Ltd (MIFL), the international asset management arm of Italy’s Mediolanum has appointed a new portfolio manager for its European equities team in Dublin.
European equity capital markets investors had a big night of secondary blocks to look at on Monday, with two large Swiss trades which totalled around Sfr1bn ($1.09bn) of volume combined.
JP Morgan has reorganised its team dedicated to advising clients on how to defend against campaigns by activist investors.
Equity capital markets bankers are preparing for a busy autumn of rights issues as companies prepare to weather a long period of Covid-19 disruption.
The airline sector has become one of the biggest “deep recovery” trades in the equity capital markets following a wave of issuance in recent months.
Société Générale will make its structured products less risky, it said, after a difficult first half of the year in its equities business.
IAG, the airline holding company which owns British Airways, has launched a €2.75bn (£2.49bn) rights issue to give it enough liquidity to withstand Covid-19 disruption until 2023.
Capital markets are preparing for a resurgence in Covid-19 cases as infection rates rise in the US and Europe.
James Palmer has been named interim head of equity capital markets for Europe, the Middle East and Africa at Bank of America.
Zalando, the German e-commerce company, issued a debut €1bn dual-tranche convertible bond on Wednesday night, extending a busy week for the European market with more deals on the way.
Anis Lahlou is chief investment officer at Aperture Investors in London.
Deutsche Bank on Wednesday released a stellar set of results for origination for the second quarter, compared with consensus estimates, its previous results and to a lesser extent competitors.
Mitie Group, the UK outsourcing and facilities management company has completed its £200m rights issue, with over 93% of shareholders taking up their shares with the remainder sold to the market on Wednesday morning.
CEA Investissement, the corporate arm of the French Alternative Energies and Atomic Energy Commission, has sold €104m of shares in Soitec, the French semiconductor company, through an auctioned block trade won by Société Générale.
Fintech was one of the hottest sectors in equity capital markets in 2019 and it seems to have lost none on its appeal during the coronavirus pandemic, as two deals on Tuesday demonstrated.
Equity capital markets bankers are hoping that global markets maintain the extraordinary bullishness of the last few weeks in what should prove a busy final quarter of the year for issuance. But an unholy trinity of risks are causing concern, particularly for IPOs.
Hipgnosis Songs Fund, the London-listed investment fund focused on music catalogues, has used £236m of growth capital raised last month to purchase athe rights to songs by Blondie.
Carnival Cruises has launched a partial buy-back of the $2bn three year 5.75% convertible bond it issued in April to provide itself with more liquidity during the Covid-19 global pandemic.
Alibaba Health Information Technology navigated concerns around its lofty valuations to pull off Hong Kong’s largest primary follow-on in five years, raising HK$10bn ($1.29bn) after boosting the size of the deal. The transaction closed with a bulging book, showing that demand for the healthcare sector is yet to peak. Jonathan Breen reports.
Alibaba Health Information Technology navigated concerns around its lofty valuations to pull off Hong Kong’s largest primary follow-on in five years, raising HK$10bn ($1.29bn) after boosting the size of the deal. The transaction closed with a bulging book, showing that demand for the healthcare sector is yet to peak. Jonathan Breen reports.
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