Owen Wild is Deputy Editor of International Financing Review based in London and also has global responsibility for equity capital markets coverage. Prior to 2010 he was associate editor for equities and structured equity. Owen joined IFR in 2004 as a reporter and has since worked across Equities, Structured Equity and Derivatives sections as both reporter and editor. Before joining IFR, Owen covered foreign exchange markets. Follow Owen on Twitter @IFR_Owen
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Deutsche Bank’s latest rights issue will take its total equity capital increases since late 2008 to an eye-watering €31.9bn. Yet it had no difficulty attracting 30 banks to underwrite the €8bn deal.
Dutch chemicals company Avantium has secured enough demand to ensure its IPO can go ahead. Bookbuilding only began on Monday, but more than two-thirds of the €90m target had been allocated to cornerstone investors ahead of launch.
Claus Skrumsager, Morgan Stanley’s co-head of global capital markets in the EMEA region, is moving into the bank’s investment management division to start his own fund.