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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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Cherkizovo, the Russian meat and sausage producer seeking to list on the Moscow Exchange, has failed to get its re-IPO away, citing market volatility for postponing the deal.
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Heung Li, a former UBS equity capital markets banker, is expected to take up a new position in CLSA, according to sources with knowledge of the move.
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Capita, the UK outsourcing company, launched its £701m ($976.13m) rights issue before the market opened on Monday, in a bid to turn its fortunes around and de-lever its balance sheet.
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Credit Suisse has picked Allan Chu as its new head of technology, media and telecom for Greater China, according to sources.
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Indonesian issuers continued to keep the market focused on new equity fundraisings, as several IPOs launched this week.
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Primary Health Properties, the healthcare REIT that invests in properties across the UK and Ireland, completed a capital raising on Wednesday and grew the size of the offering by £15m.