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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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Banca Carige's €800m capital raising was approved on Thursday night, allowing the Italian bank to lay out terms for the long-awaited deal. -
HKT Trust, a subsidiary of Hong Kong conglomerate PCCW, is looking to tap the markets for HK$7.9bn ($1bn) of funding via an 18 for 100 rights issue, the company announced on June 13.
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Pakistan raised Pkr38.2bn ($388m) on June 12 by selling its entire stake in United Bank, the country’s second largest public sector lender.
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South African healthcare firm Mediclinic raised R3.2bn ($296m) through a sale of new shares on Wednesday night that will help the firm expand into new countries.
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Russian bankers are rueing the lack of Russian supply as a block in the New York listed payment services firm, Qiwi became the first Russian equity deal since the Ukrainian turmoil began.
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Solar panel manufacturer Trina Solar successfully raised a combined $247m by pricing a concurrent placement and convertible bond offering on June 6, despite a turbulent market backdrop as Chinese solar companies were slapped with new import taxes by the US.
