Our equity capital markets team is an integrated group of lawyers focused on equity and hybrid work in the Asia Pacific region.
We are active in each of the key areas of capital markets:
- structuring securities for issue in domestic and international markets;
- capital management activities such as buy-backs, capital reductions and share sale facilities;
- corporate governance;
- trading systems for capital markets instruments; and
- regulating the conduct of capital markets players.
We lead in a number of areas, including:
- real estate investment trusts;
- advising issuers and lead managers in large public offerings and placements;
- establishing funds;
- listing warrants; and
- hybrids and structured securities.
Experience you can count on
Allens Arthur Robinson have a leading edge capital markets practice, with extensive experience advising issuers and underwriters on IPOs, placements, rights issues, tier 1 capital raisings, hybrids, structured products and stapled securities.
We are recognised as the leading issuer adviser, based on volume, for IPOs in Australia and New Zealand in the Bloomberg 2007 Asia Pacific Legal Adviser League Tables.
Recent matters include advising:
- Newcrest on its landmark A$2 billion entitlement offer to fund its financial restructure;
- Boart Longyear on its A$2.7 billion IPO, the largest IPO of 2007 and the second largest IPO in Australian history;
- Dyno Nobel on its A$1.1 billion IPO, the largest IPO of 2006;
- Hutchison Telecommunications on its 2007 A$2.8 billion rights issue, the largest rights issue in Australian history;
- on AXA's A$750 million Kangaroo Tier 1 hybrid note issue, the first ever issue of its kind in Australia and INSTO's 2006 Bond Deal of the Year and ALB 2006 Debt Market Deal of the Year;
- Macquarie Airports on its TICkETS securities capital raising which won INSTO's 2004 'Hybrid Deal of the Year' award;
- the underwriters and global co-ordinators on the Telstra T3 A$8 billion offer of shares. The deal was awarded Equity Market Deal of the Year at the 2007 ALB Law Awards;
- News Corporation on its re-incorporation in the US, which included complex cross border securities and stock exchange issues in both the US and Australia;
- the Australian Stock Exchange on the restructure and redrafting of its clearing and settlement rules in 2004; and
- the New Zealand Exchange in the establishment of a joint venture company with a number of banks to create and launch the innovative Australian Electronic Communications Network to offer exchange services. In the past, the ASX has never faced market competition, and this matter is therefore ground-breaking and could revolutionise securities law.
