Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Malaysia Building Society has fixed the pricing on its MR2bn ($496m) two-call rights issue at MR1 a share, the company said. -
Shares in Van Lanschot, the Dutch wealth management firm, jumped 5% on Thursday after it announced the pricing of its ‘re-IPO’ early in the morning.
-
On the face of it, last week was a glorious time for Asia’s equity capital markets. Volumes got a huge leg up thanks to a $5.5bn bond exchangeable into Alibaba Group Holdings shares while stockholders jumped at the opportunity to sell overnight blocks. But look under the hood and this spurt of activity changes little.
-
Banco Popolare’s €1bn rights issue, for which the pricing was announced on Thursday, is a “done deal” according to a banker away from it — so much so that Bank of America Merrill Lynch and Mediobanca have kept the underwriting to themselves.
-
Commodities trader Noble Group has decided to raise about S$719m ($522m) through a rights issue as it seeks ways to pay off outstanding debt.
-
The race is on for India’s first insurance IPO as ICICI Prudential Life Insurance lines up banks for its up to $400m float.
