Hybrids
Our hybrid securities team focuses on the full range of hybrid transactions, whether in the local or international markets. Acting for borrowers and issuers, our corporate, finance and tax experts can advise on structuring and strategic issues to provide an integrated solution to your capital raising needs.
Our reputation has been won through market-leading transactions and is based on strong commerciality, as well as expert advice. In 2007 our efforts were recognised by being awarded the ALB 'Debt Capital Market Deal Of The Year' for acting on AXA's A$750 million Kangaroo Tier 1 issue. We continue to be ranked by Chambers in the first tier for both debt and equity capital markets.
We are active in each of the key areas of the hybrid capital markets:
- corporate hybrids;
- regulatory capital transactions such as Tier 1 (innovative and non-innovative) and Tier 2 issues for banks and insurance companies;
- Kangaroo bond hybrids;
- convertible and exchangeable bonds;
- cpi bonds;
- preference shares;
- stapled instruments; and
- perpetual debt and subordinated debt.
We have the support of our 'best friends' relationship with leading UK-based firm Slaughter and May.
