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Qualifying shareholders take up 68% as remainder stays with conditional placees
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Placing and open offer follows recent acquisition of US annuity provider
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India’s HDFC Bank and Yes Bank won approval this week to go ahead with their billion-dollar fundraising plans. A number of methods are on the table, including qualified institutional placements (QIPs). -
Del Monte Pacific has shelved the Ps17.6bn ($334.5m) IPO of its subsidiary Del Monte Philippines citing poor market conditions.
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Investors in Carpetright, the UK carpet and flooring retail chain, have backed its recovery plan by subscribing in high numbers for a £60m capital raising.
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Renhe Commercial Holdings is planning a HK$2.2bn ($274.3m) rights offering that will be underwritten by its controlling shareholder.
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DS Smith, the UK packaging company, has offered to buy Spanish rival Europac, with £1.65bn of financing underwritten by US banks already prepared for the transaction.
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Genscript Biotech Corp, a leading life sciences service provider and drug developer, has raised HK$2.39bn ($304m) after upsizing a follow-on offering, according to a source close to the deal.
