HKEx sells $1 billion of equity

The deal comes as UK regulators approve HKEx's acquisition of the London Metal Exchange and follows the sale of a $500 million CB two months ago.

HKEx sells $1 billion of equity
HKEx is raising money to help fund its £1.4 billion acquisition of the London Metal Exchange

Hong Kong Exchanges and Clearing HKEx returned to the capital markets last night to raise $1 billion through a follow-on share placement that was upsized by 25%.

Like the $500 million that it raised through a convertible bond in September, the money will be used to part-fund its 1.4 billion $2.2 billion acquisition of the London Metal Exchange LME that was announced in June.

The deal was launched shortly after the...

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