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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
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Greencoat UK Wind, one of a number of recently listed British renewable energy funds, is set to raise £100m that will refinance a bank facility used for the fund's recent acquisitions. -
Mother and child retail firm Mothercare is set to raise £100m through a fully underwritten rights issue that will fund its move towards digital.
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Indian power utility company CESC is looking to tap the equities market soon with a $150m private placement.
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Nigerian holiday firm Transcorp Hotels is set to raise funds for new hotels through an IPO that will be launched this week.
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Agile Property Holdings is looking to raise HK$2.785bn ($359m) from a one-for-five rights issue, becoming the third Chinese property developer to opt for this form of equity raising in just the past month.
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Belgian fertiliser firm Tessenderlo is set to raise up to €200m through a rights issue that it hopes shareholders will approve next month.
