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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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Morgan Stanley has given two senior bankers in Australia new roles as head of ECM and head of fixed income capital markets, according to an internal memo seen by GlobalCapital Asia. -
India’s Corporation Bank has won approval from its board of directors to raise up to Rp35bn ($540.2m) in capital, according to an exchange filing on Monday.
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A sell-off of shares in Sibanye Gold, one of the largest South African gold mining companies, entered its second day on Friday after the company unveiled terms for a highly dilutive R13.5bn ($1bn) rights issue on Thursday morning.
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Malaysian Resources Corp is looking to raise some MR2.9bn ($660.3m) from a rights offering to repay debt and fund its property development activities.
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Indonesian coal miner Bumi Resources has set the shareholder entitlement for its Rph35.1tr ($2.6bn) fundraising plans, which include a rights offer and the sale of mandatory convertible bonds.
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Lonza, the Swiss pharmaceuticals group, has completed its Sfr2.25bn rights issue, to part-finance its takeover of Capsugel, the US maker of medicine capsules, from KKR.
