Good evening,
 
 

Good evening,

It's one of the golden rules of investment banking: balance sheet support brings deals through the door.

And despite payments darling Afterpay disrupting just about every other rule in the book, that one still holds true.

Tonight, we take a look at Afterpay's $650 million placement and $250 million sell-down on Tuesday and delve into why it tapped Citi and Goldman Sachs to run the deal.

Meanwhile, we've got an update on the sale of Westpac's multibillion-dollar equipment and asset finance business and unveil which tricks the bank is pulling out to try to get a deal done.

Finally, another BNPL newbie has kicked off a Series A funding round and the back and forth between Metlifecare and an agitating shareholder keeps rolling on.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors

 
The Australian Financial Review
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