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Italian shipbuilder is expanding capacity on strong defence demand
Deal priced at 1% premium to Monday's close
London continues to benefit from metal price volatility
Booming metal prices could bring more equity deals
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  • Singapore-listed Ezion Holdings is planning to sell up to S$141.3m ($104.3m) worth of stock through a rights issue at a subscription price of S$0.29 apiece, according to a filing with the Monetary Authority of Singapore on Monday.
  • Two block trades were successfully placed in Europe this week, including a small stake in Italian multi-utility Hera that was snapped up very quickly on Thursday night.
  • Adler Real Estate, a German residential property company, has extended the sale period for its €150m convertible bond issue, which comes with pre-emption rights for shareholders, added Citigroup as a bookrunner and broadened the price range.
  • Yes Bank, India’s fifth largest private sector bank, has found good demand for its $1bn equity capital raising on a round of investor pre-marketing meetings.
  • A pair of Chinese firms are preparing potential multi-billion-dollar deals. Postal Savings Bank of China Co is seeking approval for a Hong Kong IPO that could raise up to $8bn, according to sources familiar with the matter, while China Resources Beer (Holdings) Co is aiming to net HK$9.5bn ($1.2bn) from a rights issue in the next few weeks.
  • Singapore real estate investment trust Mapletree Commercial Trust has hired DBS, Goldman Sachs and HSBC to help it raise equity funding to back a S$1.78bn ($1.33bn) acquisition.