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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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British Sky Broadcasting Group (BSkyB) raised £1.36bn for a £4.9bn purchase of Sky Italia and a majority stake in Sky Deutschland through a 9.99% share placement on Friday, pricing the deal at a 5.95% discount to the pre-announcement close and a 2.2% discount to Friday's post-announcement open.
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Financial IT firm Leonteq is to raise Sfr173m ($192m) through a fully underwritten capital raise that will help fund further growth after strong results.
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French paper maker Sequana completed a capital raise on Thursday that will allow for the restructuring of its two subsidiaries.
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India’s Department of Disinvestment is seeking banks to arrange a Rp29.9bn ($500m) stake sale in NHPC, according to a July 21 filing.
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Banco Comercial Portugues has more than doubled its existing share capital from €1.465bn to €3.707bn on the completion of its €2.24bn rights offer.
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Nigerian oil and gas firm Sirius Petroleum launched a capital raise on Wednesday that will help fund a new well if it can find further funding after the deal is completed.