UBS
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Banco Popular Español is using an unusual syndicate structure for its rights issue after tense discussions over the deal’s terms with some of its closest relationship banks. -
International institutional investors showed no signs of ‘Brexit’ jitters this week as the last of the sovereign's syndication before the European Union referendum drew a record book of more than £15bn.
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Banco Popular Español’s newest additional tier one issue traded at its highest level since January on Thursday, after the bank surprised market participants with plans for a €2.5bn rights issue to fund a large increase in bad loan provisions.
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Dong Energy began the bookbuild for its Copenhagen IPO on Thursday, at a price range of Dkr200 to Dkr255 a share, which would give it a market cap of Dkr83.5bn to Dkr106.5bn ($12.5bn-$16bn).
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Banco Popular Español’s newest additional tier one issue traded at its highest level since January on Thursday, after it surprised market participants with plans for a €2.5bn rights issue to fund a large increase in bad loan provisions.
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The founder of JG Summit pared his stake in the Philippine conglomerate on Wednesday, raising a larger than planned Ps11.70bn ($250.75m) in the country’s biggest accelerated share sale in two years.
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Indonesian power producer Cikarang Listrindo is wrapping up the largest IPO in Indonesia in nearly five years this week. The country’s equity capital markets have been quiet this year, but that could be changing as Cikarang shows there is a strong level interest in the country from international investors. Jonathan Breen reports.
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JG Summit is out with the first post-national election accelerated bookbuild of size in the Philippines, with the sell-down expected to net up to Ps10.29bn ($220.53m) for a shareholder.
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Indonesian power producer Cikarang Listrindo has narrowed the price range on its up to Rph5.0tr ($366.7m) IPO toward the bottom of guidance, according to a source close to the deal.
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UK investors showed no jitters on Tuesday about a potential UK exit from the European Union, as the sovereign’s last syndication before the EU membership referendum drew a book of more than £15bn — a record for an inflation-linked Gilt syndication.
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Hong Kong financial investment firm Sun Hung Kai completed a $361.6m exchange plus new money offering on Monday that was mostly gobbled up by the city’s private bank accounts.
