From the Fin Review
What will WPL use the proceeds for??
Investment banks have dusted off their cheque books and back in the market offering to underwrite chunky equity deals.
As reporting season steps up with big names including Woodside Petroleum, Goodman Group and Insurance Australia Group on Wednesday morning, fund managers are expecting equity capital markets activity to step up.
Investment bank UBS is expected to among the transactions on Wednesday, writing a cheque for one of its bigger Australian clients as part of a wider funding package.
Sources were pointing to Woodside as the most ambitious and best placed of the trio to push the button on a sizeable raising. No doubt its board, management team and bankers were keeping a close eye on the oil price overnight. Oil was trading at close to $US60 a barrel on Tuesday.
Woodside last raised at $42.10 a share in 2009. Selldowns from former major investor Royal Dutch Shell have ensured a handful of hefty liquidity events in the meantime.
Read more: http://www.copyright link/street-ta...-raising-season-20180212-h0vzdl#ixzz571ME4KUz
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From the Fin Review What will WPL use the proceeds for??...
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