Latest EMEA Follow-Ons/Rights issues news

  • Earnings drop points to more ECM capital raises

    Earnings growth in Europe appears to be slowing after a number of corporates missed estimates as they reported their latest numbers — increasing the chances that issuers will need to turn to equity markets to raise primary capital.

    • 14 Feb 2019
  • ECM market open for M&A financing

    Investors have given a rapturous reception for companies raising equity capital to undertake mergers and acquisitions, given the quiet elsewhere in ECM.

    • 14 Feb 2019
  • Greencoat UK Wind closes books early

    Greencoat UK Wind, the UK infrastructure fund focused on wind farm development, has completed a £131m capital increase early after investor demand for the offer swelled.

    • 13 Feb 2019
  • Ramsay Générale de Santé announces rights offer

    Ramsay Générale de Santé, the French private hospitals operator, is preparing to raise €620m of equity capital to refinance bonds issued to acquire Capio in Sweden.

    • 12 Feb 2019
  • Tritax Big Box Reit raises £250m for acquisition

    Tritax Big Box Reit, the UK real estate investment trust focused on ‘Big Box’ warehouse assets, has completed its tenth capital increase since its IPO on the London Stock Exchange in December 2013.

    • 11 Feb 2019
  • Disappointing earnings could lead to more ECM issuance

    Earnings growth in Europe appears to be slowing with a number of corporates missing estimates as they report their latest numbers — increasing the chance that issuers will need to turn to equity markets to raise primary capital.

    • 11 Feb 2019
  • Dia’s top shareholder offers new equity, but risks remain for bondholders

    LetterOne, the largest shareholder in troubled Spanish retailer Dia (Distribuidora Internacional de Alimentación), has unveiled a tender for the group’s shares, along with a plan to inject €500m of equity, as an alternative to the existing management plan for the group. The share price bounced on the news, but bondholders need more clarity about LetterOne’s intentions — and about what will happen to the firm’s €1.3bn of trade payables.

    • 06 Feb 2019
  • Greencoat UK Wind seeks £131m of capital to buy Scottish farms

    Greencoat UK Wind, the UK infrastructure fund focused on wind farm development, has begun the deal roadshow for its latest £131m capital increase.

    • 04 Feb 2019
  • Low & Bonar to raise £54m to clean balance sheet

    Low & Bonar, the UK maker of fabrics and flooring materials, has announced a £54m placing and open offer to reduce its debt burden in order to satisfy its debt covenants.

    • 30 Jan 2019
  • Shares in Norwegian nosedive after rights issue announcement

    Shares in Norwegian Air Shuttle, the Norwegian budget airline, fell 25% on Tuesday after the company announced an Nkr3bn (€308m) rights offer to avoid breaking its financial covenants following widening losses and an abandoned takeover attempt by IAG.

    • 29 Jan 2019

Follow-Ons/Rights issues news archive

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 58,137.72 186 8.23%
2 JPMorgan 57,032.77 202 8.08%
3 Barclays 49,551.65 159 7.02%
4 Bank of America Merrill Lynch 42,095.04 147 5.96%
5 Deutsche Bank 38,217.89 137 5.41%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 6,045.16 4 18.58%
2 BNP Paribas 1,742.18 7 5.36%
3 Credit Agricole CIB 1,539.94 8 4.73%
4 MUFG 1,257.24 4 3.87%
5 SG Corporate & Investment Banking 1,165.08 6 3.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UBS 998.25 3 13.49%
2 Citi 693.55 2 9.37%
3 Morgan Stanley 572.72 3 7.74%
4 Bank of America Merrill Lynch 509.34 3 6.88%
5 Jefferies LLC 409.89 4 5.54%