DWPF Finance launches domestic dual-tranche deal
- Tuesday, 27 July 2021
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Aurizon Holdings’ inaugural hybrid transaction attracted the largest oversubscription in the Australian corporate primary market since 'liberation day', after investors across the Asia-Pacific region piled into the high-beta offering. Deal sources say the structure offered the issuer flexibility to deploy proceeds into either of its main subsidiaries while investors could enjoy a guarantee from its regulated entity, Aurizon Network.