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ABBs-Block Trades

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  • Tuesday night's €815m block trade in Abertis shares for Obrascon Huarte Lain, the Spanish construction company, was a daring reopening of equity issuance after the UK's shock vote to leave the European Union. But despite the deal's success, it has been followed by surprisingly poor trading in OHL's shares and bonds.
  • Two Hyundai-related units cleared out of their holdings in Hyundai Motor Co for W226.14bn ($192.9m) on Wednesday, in an accelerated bookbuild that priced close to the bottom of guidance.
  • State Bank of India and JSW Steel have set sights on the offshore bond market, announcing their respective fundraising plans on the stock exchange.
  • Telekomunikasi Indonesia raised Rph3.3tr ($246m) from the first post-Brexit block trade in Asia, with the deal not only braving the fallout of Britain's exit from the European Union but also doubling in size.
  • Tuesday night's €815m block trade in Abertis shares for Obrascon Huarte Lain, the Spanish construction company, was a daring reopening of equity issuance after the UK's shock vote to leave the European Union. But despite the deal's success, it has been followed by surprisingly poor trading in OHL's shares and bonds.
  • Two vendors within the Hyundai group of companies are looking to exit their holdings in Hyundai Motor Co via a W230bn ($195m) overnight block trade.