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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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Mason Financial Holdings has proposed a rights issue of over 20bn new shares in an attempt to raise HK$2.9bn ($373.9m) of fresh capital. -
Nicholas Chia has been made the head of equity capital markets and syndicate at Singapore’s OCBC Bank, the latest of Standard Chartered’s former ECM team to land a new role.
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Informa, the UK events and publishing company, has completed its £715m rights issue, which it launched in September to partly finance its £1.2bn takeover of Penton, a US competitor.
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Tele2, the Swedish telecommunications operator, has announced the terms for its Skr3bn ($356m) rights issue.
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Shares in Remgro, the South African investment company led by billionaire Johann Rupert, rose 1.5% on Monday morning after it completed its R9.3bn ($676m) rights offer to finance a possible acquisition of SABMiller’s stake in Distell Group, the maker of Amarula liqueur.
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Schroder European Real Estate Investment Trust, the Reit managed by the property arm of UK asset manager Schroders, has priced its second capital increase on the London and Johannesburg exchanges.
