ABBs/Block Trades

  • London landlord Shaftesbury taps investors for £300m

    London landlord Shaftesbury taps investors for £300m

    Shaftesbury, the UK real estate investment trust that owns swathes of London’s West End, is tapping its shareholders for almost £300m ($392m) amid a severe downturn in the theatre district because of the Covid-19 pandemic.

  • Scatec Solar borrows shares for larger equity raise

    Scatec Solar borrows shares for larger equity raise

    Scatec Solar, the Norwegian solar energy company, raised Nkr4.75bn ($512m) through an equity placing on Tuesday night. The sale was for 15% of the company’s share capital — 5% more than it was allowed to issue through a non-preemptive placing. It made up the balance by borrowing shares from its largest shareholder.

  • Equity volatility returns as investors position for US election

    Equity volatility returns as investors position for US election

    Equity markets swung violently this week as investors reacted to polling and projections in the US election. With over two weeks left before the vote on November 3, equity bankers and investors are predicting a choppy time ahead which might make things trickier for capital markets deals.

  • Urban Logistics Reit finishes £92m growth capital raise

    Urban Logistics Reit finishes £92m growth capital raise

    Urban Logistics Reit, the London-listed real estate investment trust, has finished the final leg of a £92m share sale, tapping into heightened investor demand for exposure to niche areas of the real estate market during the pandemic.

  • Evergrande slashes $1bn top-up for cautious buyers

    Evergrande slashes $1bn top-up for cautious buyers

    China Evergrande Group this week tapped the equity capital markets for HK$4.3bn ($554.9m), making its first primary share sale in five years. But the fundraising did not go as planned, with the embattled property developer nearly halving its initial target after investors called for a smaller deal. Jonathan Breen reports.

ABBs/Block Trades Archive