Dexus in $500m convertible bond raising
Dexus Property confirmed the launch of a $500m convertible bond raising on Monday night in what is a telling sign for the real estate industry.
Dexus Property confirmed the launch of a $500m convertible bond raising on Monday night in what is a telling sign for the real estate industry.
Brazil’s Minerva Foods is set to continue its local spending spree, with suggestions it is in early stage talks to buy Australia’s second-largest meat processor in a near $2bn deal.
Further speculation is mounting about a move by Barrenjoey into asset management as a former Sunsuper portfolio manager turns up to aid the investment bank.
The raising of funds through convertible bonds comes at a time that sourcing funding from the debt market is expensive.
The world’s second-largest gold miner, Barrick Gold, is understood to be eyeing up the $1.9bn De Grey Mining, which is also believed to be a future target for Gold Road Resources.
The handling of the buyout proposal from Brookfield and EIG by Origin Energy’s directors was being praised around the market at the weekend.
Perpetual could face more intense resistance over its Pendal merger, with sources suggesting that some of its star stockpickers are due to renegotiate contracts.
Singapore healthcare real estate investment trust First REIT is pursuing the portfolio of Healthscope properties that were purchased by Medical Properties Trust in 2019 for $1.2bn.
Corporate activity with Perpetual appears to have a long way to play out.
Solar power assets are still being sought after by Asian buyers.
Original URL: https://www.theaustralian.com.au/author/bridget-carter/page/200