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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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  • Finnish property investment firm Sponda has completed its €221m rights offering, which it first announced in late February and which will be used to partially repay a bridge loan.
  • Asia ex-Japan has had its slowest first three months of equity capital markets activity since 2009, despite being the busiest for deal flow among all other regions in the world. While many market watchers are afraid the volatile start to the year has damaged the pipeline, there is still some optimism as small pockets of opportunities arise in countries like Indonesia and Thailand. Jonathan Breen reports.
  • Songa Offshore, the Norwegian oil drilling company, has made a strong start to its attempt to raise $125m of new money with a convertible bond, as part of a distressed debt restructuring.
  • Spar Group, the South African grocery and home improvement wholesaler, raised R2.2bn ($143m) of new capital in a successful accelerated bookbuild on Tuesday night.
  • Ngai Shun Holdings is planning a HK$903.87m ($116.57m) rights offer with the support of just one underwriter, as it faces a tough time raising funds from investors and banks.
  • Indonesian department store operator Rimo International has set a new date to obtain shareholder approval for its Rph7.52tr ($576.78m) rights issue, according to a filing.