Hybrids Archives

Hybrids

Scentre Group Raises US$3 billion In New Hybrid Issue

Elizabeth Moran

After writing down the value of its mall portfolio by more than $4 billion in its interim accounts, Scentre Group has gone to the...

Hybrids

New NAB Hybrid Falls Short

Elizabeth Moran

NAB recently launched a new hybrid and raised $600m, less than a third of the $1.95bn accepted earlier this year. Pricing was higher at 400...

Hybrids

Risky Airline Bonds As Safe As Bank Hybrids When All Things Considered

Elizabeth Moran

As published in The Australian on Saturday 15 June 2020 Virgin Australia’s administration is a recent low point for Australian financial markets, with mums and...

Hybrids

Woolworths and Macquarie Bank in the Market

Elizabeth Moran

Telstra, Transurban and APT Pipelines all issued euro-denominated bonds over the last few months, accessing the busier than usual European bond market. In contrast, the...

Hybrids

Coronavirus Forces Withdrawal Of New Issues

Elizabeth Moran

Today, Macquarie Bank cancelled its planned new $500m hybrid issue. Macquarie stated, ‘The decision to withdraw was made given significantly changed market conditions in...

Hybrids

NAB Raises At Least $1.95 Billion To Refinance Its NABPC Hybrid

Elizabeth Moran

NAB announced it has raised at least $1.95bn for general corporate purposes including refinancing its existing hybrid (ASX:NABPC) which has $1.3bn outstanding. The margin was...