The Pru’s party line on financing for its $35bn Asian adventure is all you would expect from a salt of the earth UK corporate. The insurer will launch a wholly underwritten rights issue, complete with full pre-emption rights and decidedly sans any bells and whistles, for a deal that is indubitably going to complete. End of. Read more
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.