Investment Opps

CBA has announced today the updated offer of PERLS XI. CBA has allocated A$1.25 billion of PERLS XI on a firm basis under the Broker Firm Offer, and the Margin has been set at 3.70% per annum.

BHP has announced a US$10.4 billion Shareholder Return Program, returning the net proceeds from the sale of its Onshore US assets to shareholders.This return of capital will bring the total announced cash returns to shareholders over the past two years to US$21 billion. The capital return is done via

WorleyParsons Limited has completed the institutional component of its 1 for 1.47 accelerated non-renounceable pro-rata entitlement offer announced on Monday, 22 October 2018. The Entitlement Offer is being undertaken to part fund the acquisition of Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division.

RIO has announced it will strengthen its portfolio by divesting non-core assets, including Australian coal assets for $4.2b US. Part of these proceeds will be returned through the launch of an off-market buy-back tender targeting up to 41.2 million Rio Tinto Limited shares (approximately A$2.7 billion1 (US$1.9 billion2)) with the balance of proceeds being allocated to further on-market purchases of Rio Tinto plc shares. 

Transurban is undertaking an accelerated renounceable pro-rata entitlement offer (with retail entitlements trading) to raise approximately A$4.2 billion (the “Entitlement Offer”).