Retail hybrid momentum returns, with institutional backing
- Wednesday, 22 August 2012
Hybrid issuance successfully returned to the Australian market in August thanks in part to a groundswell of support for corporate transactions from institutional investors, sources connected with recent deals say. Demand was sufficient for APA Group (APA) and Crown to add A$125 million (US$130.8 million) apiece to their retail deals, following an even larger upsize by Caltex Australia (Caltex) at the start of the month.
