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Payment processor's shares dropped to new low on Thursday
Large capital increase led to high volatility in the stock
Tirlán sells €230m block in Glanbia to buy back bonds
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Rolls-Royce started marketing the bond leg of a multi-product recapitalisation and refinancing package on Monday, preparing an offering of more than £1bn-equivalent across three currencies.
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Global equity capital markets bankers anticipate a disorderly US election in November. They fear that a disputed contest between president Donald Trump and former vice-president Joe Biden could lead to sustained market volatility which would severely impact ECM issuance.
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IAG, the airline holding company that owns British Airways, had no seats remaining as it priced its €2.75bn rights issue, with 100% of shares taken up by shareholders.
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Rolls-Royce, the UK aerospace engineering company, has confirmed it aims to raise £5bn from a financing package that includes a £2bn rights issue. The deal’s launch ends months of speculation about whether the company would need to raise capital to endure the Covid-19 pandemic.
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BPER Banca, the Modena-based banking group, has unveiled the terms for a €800m rights issue to fund an acquisition of hundreds of branches across northern Italy from Intesa Sanpaolo.
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Ping An Healthcare and Technology Co has raised HK$7.86bn ($1.01bn) after a primary share sale which drew strong demand from its existing investors, said a source familiar with the matter.