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
-
The Securities and Exchange Board of India (Sebi) is taking steps to speed up equity raisings in the country, proposing ways to cut not just the time it takes to list but also conduct rights issues and other public offerings. The draft proposals come at a time when the Indian ECM market is set for a busy year, with bankers saying the new measures will make life easier not just for issuers but also investors. -
HDFC Bank is moving ahead with plans to raise Rs100bn ($1.58bn) in a bid to improve its capital position, after it picked four banks to lead the share sale.
-
The Philippines’ Suntrust Home Developers is looking to raise Ps5.63bn ($251.37m) from a rights issue backed by its parent Megaworld Corp.
-
Hsin Chong closed one of Hong Kong’s first sizeable rights issues for 2015 with the deal massively undersubscribed, drawing orders for less than 2% of the trade.
-
The commitments received for Renhe Commercial Holdings’ HK$3.38bn ($435.6m) one-for-two rights issue have fallen short of the number of rights shares that were up for grabs, leading to the deal’s underwriter having to step in to bridge the gap.
-
After a washout 2014, ECM bankers say southeast Asia looks more promising in 2015, despite falling oil prices and general market volatility.
