Good evening,

It was a busy Easter long weekend for the major equity capital markets teams, all of which are readying clients for trips to shareholders to ask for fresh funds.

Equity raisings are expected to dominate the corporate news flow again this week and top of the list of candidates is Challenger. We're tipping Challenger to follow fellow top-100 names Oil Search, Flight Centre and Cochlear into the top-100 raisers club with a $500 million-odd deal.

Elsewhere, Japan Post is considering options for Australia-based logistics business Toll, less than five years after it acquired the company.

Street Talk can reveal the conglomerate has invited bankers to pitch potential exit strategies - and is expected to mandate an adviser to test market appetite in coming months.

It would be a big move by the Japanese company and potentially end an expensive experiment. Japan Post paid $8 billion for Toll (including debt) in 2015. It's expected to be worth less than half that now.

Finally, there's a big resources sector deal brewing in Western Australia with the country's biggest lithium investor wanting to take some money off the table. We have the details of who is involved.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors