That didn’t take long! A day after unveiling a third-quarter trading update to the market – further fuelling an already flying share price – buy now, pay later tearaway Zip Co wants to get some more cash in its pocket.
Tonight, we take a look at Zip’s $400 million trip to debt markets. The company and its bankers, Bank of America and Jarden, were in talks with offshore investors from Wednesday afternoon until the early evening, when the convertible note offer launched.
Meanwhile, we’ve got the scoop on which investment bank IFM Investors has tapped for its tilt at NSW’s motorways project WestConnex – in what is shaping up as an unusual infrastructure auction.
Zip Co’s expected to pull the trigger on a $500 million-odd convertible bond raising after a night of talks with potential investors in Europe and Asia.
NSW land titles office operator Australian Registry Investments has quietly kicked off talks with its big lending syndicate about a new $1.8 billion debt package.
