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Cypriot night vision goggles manufacturer has benefited from defence industry boom
Capital raise successful amid share volatility
Military goggles maker Theon starts €150m rights issue
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Phoenix Group Holdings, the UK life insurer and asset manager, will carry out a £735m rights issue to partly finance its takeover of Abbey Life, which it announced on Wednesday morning, causing its share price to rise by 3.6%.
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The cheerful and businesslike mood in European equity capital markets, despite clear risks of volatility in the offing, was highlighted again today by the launch of a €2.5bn capital raising by Steinhoff, the South African retail group.
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Shares in Hamborner Reit, the German real estate investment trust, traded flat on Tuesday after the company completed a €166.5m rights issue to finance the expansion of its property portfolio.
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The Philippines’ largest lender BDO Unibank is planning a rights issue of up to Ps60bn ($1.2bn) in an attempt to boost its capital base.
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Oberbank, the Austrian regional lender, has announced the pricing and timetable for its rights issue, intended to raise up to €105.9m to fund its expansion.
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India’s Canara Bank is looking to return to the international debt market after a hiatus of nearly three years, having received the go-ahead from its board to sell dollar notes.