Pegasus Europe confirms final offering proceeds
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AMSTERDAM, May 03, 2021 (GLOBE NEWSWIRE) Pegasus Europe (“
Pegasus”), the Special Purpose Acquisition Company focused on opportunities in the European financial services industry, today confirms final offering proceeds of €483,555,410 following the partial exercise of the put option by the stabilisation manager.
Citigroup Global Markets Europe AG (“
Citigroup”), acting as the stabilisation manager on behalf of the Joint Global Coordinators (as defined in the disclaimer), has today given notice of a partial exercise of the put option granted to it by Pegasus in respect of 6,000,000 Option Units in order to effect stabilisation transactions. Pegasus has been informed by Citigroup t
Abu Dhabi: Abu Dhabi Ports has issued $1 billion 10 year bonds under its recently established Euro Medium Term Note Programme (EMTN Programme).
The bond will be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange (ADX).
The issuance was more than 4.5 times over-subscribed. It will mature on 6 May 2031 and carris a coupon of 2.5 per cent per annum.
Proceeds will be used for general corporate purposes and debt refinancing. The settlement of the offering is expected to occur on 6 May 2021 and is subject to customary settlement conditions.
Citi, First Abu Dhabi Bank and Standard Chartered Bank acted as Joint Global Coordinators for the transaction along with HSBC, Mizuho and Societe Generale as active Joint Lead Managers and Joint Bookrunners and BNP Paribas, Credit Agricole CIB and SMBC Nikko acted as passive Joint Lead Managers.
Due to be settled on 6 May 2021, the note carry a 2.5% per annum coupon and will be used for general corporate purposes and debt refinancing, the company said.
At its peak, the issuance was 4.5 times over-subscribed. Citi, First Abu Dhabi Bank and Standard Chartered Bank were Joint Global Co-ordinators for the transaction along with HSBC, Mizuho and Societe Generale as active Joint Lead Managers and Joint Bookrunners, and BNP Paribas, Credit Agricole CIB and SMBC Nikko acted as passive Joint Lead Managers.
Abu Dhabi Ports Group CEO, Mohamed Juma Al Shamisi, said: “We see the success of this $1bn 10-year listing at the lowest coupon achieved by an Abu Dhabi government-related entity for that corresponding 10-year tenor as an expression of confidence in our leadership, our business and in the UAE economy as a whole.
Abu Dhabi Ports raises $1 billion through 10-year bond issuance
30 Apr 2021 Picture used for illustrative purpose. Abu Dhabi Ports has successfully issued $1 billion 10 year bonds (The Notes) under its recently established Euro Medium Term Note Programme (EMTN Programme), to be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange (ADX).
The issuance was more than 4.5 times over-subscribed at its peak. The Notes mature on 6 May 2031 and carry a coupon of 2.500% per annum. Proceeds will be used for general corporate purposes and debt refinancing. The settlement of the offering is expected to occur on 6 May 2021 and is subject to customary settlement conditions.
Pegasus Acquisition Company Europe B.V.: Pegasus Europe successfully raises €500m in a private placement
Largest European SPAC to date
Pegasus intends to target a high potential business combination partner in the European financial services industry
Strong Sponsor alignment with shareholders, committing in excess of €165 million, including unconditional €100 million Forward Purchase Agreement at the time of a business combination from institutional sponsors Tikehau Capital and Financière Agache
AMSTERDAM, April 29, 2021 (GLOBE NEWSWIRE) Pegasus Acquisition Company Europe B.V. (
Pegasus ), the Special Purpose Acquisition Company (SPAC) focused on opportunities in the European financial services industry, today announced that it has successfully raised €500 million in a private placement, making it the largest European SPAC to date. Pegasus will start trading on Euronext Amsterdam this morning.