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UK public equity markets are easier to use after recent reforms, but now comes the hard task of stimulating activity
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
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Placing and open offer follows recent acquisition of US annuity provider -
Long-time owners sell 0.5% stake after strong results
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Top 20 accounts take 85% of deal
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Ninety percent of book goes to long accounts as Reit issues for Manchester acquisition
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Follow-on market drives Greece’s strongest year of equity issuance since 2014, but IPO activity still limited
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Company will use the proceeds to part-fund its £218m acquisition of 50% stake in Manchester Arndale shopping centre
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