In today’s briefing:
- ITC $2bn Placement – Very Well Flagged but Still Won’t Be an Easy One to Digest, Won’t Do an Indigo
- Morning Views Asia: China South City, Greenko Energy Holdings, Road King Infrastructure
ITC $2bn Placement – Very Well Flagged but Still Won’t Be an Easy One to Digest, Won’t Do an Indigo
- In Feb 2024, BAT’s management stated that they were reviewing their stake in ITC Ltd (ITC IN). The news of a possible selldown by BAT was leaked again earlier today.
- BAT has owned its stake in ITC for over a century and remains its largest shareholder.
- In this note, we talk about the deal dynamics and run the deal through our ECM framework.
Morning Views Asia: China South City, Greenko Energy Holdings, Road King Infrastructure
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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