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Follow-ons and Rights issues

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  • JP Morgan’s head of ECM for Asia ex-Japan David Suen has left after close to a decade with the US bank, according to an internal memo seen by GlobalCapital Asia.
  • Barry Meyers, head of UK equity capital markets at Barclays for the past two years, will rejoin JP Morgan in June after three months' gardening leave.
  • Yes Bank has bagged Rp49bn ($748.6m) from a qualified institutional placement after boosting the deal size on bumper long-only demand, and pricing at the top of guidance.
  • Life Healthcare, the South African private hospitals group, has finalised the terms for the R9bn ($712m) rights issue it is carrying out to finance its acquisition of Alliance Medical Group, the UK medical imaging services provider.
  • The board of directors of India’s Delta Corp has given the go ahead to raise Rp7.5bn ($114.6m) of equity capital using a qualified institutional placement.
  • Citic CLSA Securities is expanding its capital markets footprint down under, hiring Michael Vercoe as its first head of ECM for Australia and New Zealand.