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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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Malaysia Airports Holdings (MAHB) has priced its MR1.32bn ($370.47m) rights offering at MR4.78 a share, bolstering its capital ahead of a $323.59m acquisition of a Turkish airport. -
Jasmine Broadband Internet Infrastructure Fund, a spin-off from Thailand’s Jasmine International Public Co, will start bookbuilding for institutional investors on its Bt36.67bn-Bt38.50bn ($1.12bn-$1.17bn) IPO on February 4. The retail tranche opened on Wednesday.
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Tata Motors is gearing up to pitch a Rp75bn ($1.22bn) fundraising plan to shareholders as it seeks to pare debt and shore up capital for growth.
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State Bank of India is to seek the consent of its shareholders to raise Rp150bn ($2.43bn) of equity capital by way of a public issue.
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With many US equity bankers and investors working from home today because of heavy snowfalls on the east coast, typical European block trades would have been hard to execute today. Getting a response from the US would have taken a couple of hours longer than normal, one banker said. Attention turned instead to a very different trade: a rare Egyptian block trade.
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The European Commission’s “Juncker Plan” to boost investment by €315bn ($356.14bn) is welcome. Scepticism that it cannot work because it only has €21bn of capital is unwarranted. The European Investment Bank is putting its shoulder to the wheel and should not be underestimated. But do not expect this to solve Europe’s infrastructure investment problems. Money is not the problem. The real obstacles is are governments' indecision about what infrastructure they want and how investors will make a return.
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