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It conducted the largest global equity raising on record, to pay for the development of fields off Brazil's coast.
Adani Enterprises announced last week it would seek shareholder approval to raise US$2.7bn through debt and equity raising.
Analysts at Cazenove said: "At over £800m this will be the largest equity raising to date in the quoted property sector.
JJB aired all its dirty laundry in public two weeks ago when, after several false starts, it successfully launched a £94m equity raising.
"There will be equity raising next year where companies feel their leverage is stretched, but there is now a shift going on.
And the huge share issue that EDF now plans up to 30% of its equity, raising up to €11 billion ($14.75 billion)—will do less than nothing to open up markets.
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On a deeper level, the debate over private equity raises questions about using the metaphor of America as a business.
Nor are markets filling this gap: the £80 billion of debt and equity raised is close to £30 billion shy of firms' loan repayments.
They represent 9% of the number of listed companies and in 2012 they paid out 10% of the dividends; but they took in 28% of the equity raised.
The equity raised is non-essential, but reduces leverage to a conservative 33% loan to value and in our view shareholders should support such initiatives.
NEW YORK TIMES Buyout Firms Raise Less Money From I.P.O.'s | Companies backed by private equity raised $20.5 billion through 103 I.P.O.'s worldwide between January and November last year, according to Ernst & Young, compared with $38.6 billion raised in 2011, The Financial Times reports.
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Justyna Jupowicz-Kozak
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