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Another day, another wild ride on the sharemarket. The benchmark S&P/ASX200 finished down another 3.6 per cent following some heavy selling in the final hour. |
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The turmoil has spilt into hybrid markets, which has our attention on some hybrid raisings that are yet to close. |
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They were both priced at tight margins and were upsized, and brokers stuffed their boots with stock. |
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Since then, though, hybrid markets have sold off heavily. And if the hybrids list as scheduled later this month, it looks like the brokers and/or their clients will be left wearing hefty losses. |
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It is understood the banks and their brokers are considering their options. The investors that have been lined up - many of which also double as NAB and/or Macquarie shareholders - are watching closely. |
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Sarah Thompson, Anthony Macdonald and Tim Boyd |
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Street Talk Asset manager Brookfield has iced plans to sell the Dalrymple Bay Coal Terminal. | Street Talk Repricing might just be the order of the day for two hybrids about to hit the ASX boards. | Street Talk Transurban Group and its three big backers will work together to double their respective investments in Sydney's WestConnex tollroads project. | Street Talk Warburg Pincus-backed ESR has bolstered its stake in property investor Centuria Capital, increasing its holding to 19.9 per cent. | Street Talk Healius' (former) substantial shareholder Harris Associates can't keep up with itself. |
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