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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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Oberbank, the Austrian regional lender, is considering a €100m rights issue in the fourth quarter to strengthen its balance sheet and finance its plans for expansion and earnings growth, the company said this week. -
India’s market regulator met with a group of local and international investment banks last week in a bid to determine why the number of qualified institutional placements has dropped this year, according to sources.
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Samsung Heavy Industries Co is looking to raise about W1.1tr ($976.1m) from a rights offering in November, according to a source familiar with the matter.
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Bionor Pharma, the Norwegian biotech firm focused on developing a cure for HIV, will raise Nkr104m ($12.6m) after it simultaneously priced its private placement and announced a fully underwritten rights issue on Thursday.
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A handful of small deals enlivened a typical August week for ECM activity in London, with the Alternative Investment Market at the centre of the action.
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China Resources Beer (Holdings) Co has wrapped up a multiple times oversubscribed rights issue, netting HK$9.5bn ($1.2bn), according to a filing with the Hong Kong Stock Exchange.
