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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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Outokumpu received full take-up for a €665m rights issue that will strengthen its balance sheet help it get back to profit. -
China Merchants Holdings International will offer HK$15.3bn ($1.97bn) worth of mandatory convertible securities to its existing shareholders in a deal that could improve the company's credit rating.
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The government of Pakistan is sounding out banks to sell a 10% stake in the country’s largest petroleum firm - Oil and Gas Development Company (OGDCL) – in a deal that could be worth as much as $1bn.
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SkyePharma, the UK pharmaceutical company, is set to issue up to 58.7m shares through an open offer, raising capital to finance the buyback of its outstanding bond paper.
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The foundation shareholders of Monte dei Paschi di Siena, has sold a 6.5% stake in Italy's oldest bank, its second recent sale as it prepares for the lender's long-awaited capital raise.
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Babcock International Group, the UK engineering support services company, launched a £1.1bn rights issue this week to finance its acquisition of specialist helicopter firm Avincis.
