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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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Borussia Dortmund, the top flight German football team, is set to raise €114m through a rights issue that has already gained the support of the club’s three major sponsors. -
The volume of jumbo follow-on equity transactions has hit the highest level for the year to date since 2009.
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Singapore’s second largest bank, OCBC, is seeking to raise S$3.37bn ($2.7bn) from a one for eight rights issue to strengthen its balance sheet following its $5bn acquisition of Hong Kong’s Wing Hang Bank in July.
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Greece's Alpha Bank has responded to speculation on its capital needs, not rejecting rumours that it may have to issue more capital but asking the investors to wait.
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The volume of jumbo follow-on equity transactions has hit the highest level for the year to date seen since 2009.
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International insurer QBE is planning a capital raise and more disposals of assets, which will includes IPOs and sales.
