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
-
Credit Suisse has picked Citigroup, HSBC and Société Générale to underwrite its Sfr4.7bn rights issue, which will follow a private placement of Sfr1.35bn to anchor shareholders.
-
Credit Suisse announced on Wednesday a double deal to raise Sfr6bn of new capital, a 15% increase, to strengthen its common equity tier 1 ratio. -
Bank of Zhengzhou, one of China’s biggest commercial lenders, has filed an application to list on the Hong Kong Stock Exchange (HKEx) via joint sponsors Bocom International and Citic CLSA Securities.
-
Cigarette giant Philip Morris International has cut its stake in its Indonesian unit HM Sampoerna, netting a chunky Rph20.3tr ($1.38bn) in the process. The success of the trade was down to large commitments from anchor orders, who signed up for nearly half of the shares in advance.
-
The leads on HM Sampoerna’s Rph20.8tr ($1.4bn) follow-on have told investors that the trade is covered across the price range, after the Indonesian unit of Philip Morris International attracted a slew of long-only investors.
-
Recent volatility surrounding China’s A-share market has prompted Huishang Bank to ditch its Shanghai listing in favour of an H-share placement.
