As summer arrived, Thomas Cook, a leader of the European travel market, was making sure its finances were in place for the holiday season. Seven years out of the Eurobond market
was regarded as long enough by German electronics and technology company Siemens, which stormed back on to the scene with a threetranche e3.4bn fundraising. Britain’s biggest ever rights issue, more than twice that of the previous record set by BT, was successfully got away, with Royal Bank of Scotland receiving acceptances equivalent to 95.1% of its shares in issue.
