Good evening,

It's less than two weeks before Deloitte wants first-round bids for Virgin Australia landing on its desk.

To get those bids in order, the administrator has finally sent around an information memorandum and business plans to potential buyers.

And Street Talk has got some of the details.

Tonight, we reveal what Virgin's management are predicting the airline could be earning within three years, if it is successfully reborn.

Here's a hint: the 2022 EBITDA forecast is about 3.5 times what Virgin recorded in the 2019 financial year.

Elsewhere, a slew of REIT capital raisings have been keeping ECM bankers busy. We take a look at which one could be next.

Finally, QIC Ltd is looking to banker up for a possible tilt at Virgin and this year's Macquarie equities conference will be very different thanks to COVID-19.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors