Street Talk

Coronado hires three banks for $US400m debut high-yield bond

Sarah Thompson, Kanika Sood and Emma Rapaport

Sep 24, 2024 – 1.06pm

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Three investment banks have snagged roles on $1.6 billion coal miner Coronado Global Resources’ inaugural $US400 million ($585 million) high-yield bond, which comes after EMG had to kill its long-drawn plan to sell its 51 per cent stake to Sev.en Global Investments in June.

Coronado mines coal at Queensland’s Curragh complex. Alamy

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com