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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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Shares in Cobham, the troubled UK aerospace and marine technology company, fell 1.9% on Monday after it revealed that it was being investigated by the Financial Conduct Authority for its handling of inside information before its trading update in April 2016, when it announced its last rights issue.
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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.
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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.
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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.
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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.
