All Entries Tagged With: "HBOS"
HBOS Underwriters left with £2.6bn of stock
Following HBOS recent £4bn rights issue, their underwriters and sub-underwriters are now left with £2.6bn of the bank’s stock, as investors failed to purchase more than 30 percent of the shares from leftover cash.
HBOS gets 8.29% of shareholders: 1.4bn share to sell
UK mortgage lender HBOS has only received 8.29% of shareholders for their £4bn rights issue, this now leaves underwriters with almost 1.4bn share to sell. HBOS shares fell as low as 254.5p last week.
Underwriters to the funding, Morgan Stanley and Dresdner Kleinwort, are now faced with the
Bradford & Bingley & HBOS to secure rights issues
Bradford & Bingley along with HBOS are to secure support from shareholders for their urgent rights issues this week; this move will hopefully recapitalize the damaged financial sector in Britain.
It is expected that B&B who are specialists for buy-to-let mortgages will