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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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Taiwanese silicon wafer fabrication firm Inotera Memories has hired three banks to work on its global depository receipt transaction, which could be worth up to NT$12bn ($367m).
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Industrial Bank of Korea priced its $300m global depositary receipt offering almost a week before schedule, on the evening of April 11, as reverse interest was already sufficient to cover the trade.
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Korean technology and pharmaceutical company Hanwha Chemical started its roadshow for a global depository receipt trade of up to $395m, following hot on the heels of a GDR trade for Industrial Bank of Korea.
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Premier Foods has completed its rights issue after the shares left over from the completion of the base offer were sold down through a rump placement this week.
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Austrian engineering firm Porr raised €97.4m through an accelerated book build of 2.164m shares on Wednesday night, part of a capital raise that will see the placement of up to 2.645m new shares.
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Premier Foods has completed its rights issue after the shares left over from the completion of the base offer were sold down through a rump placement on Tuesday.