Smartkarma - ECM Coverage Weekly Update (28 Nov 2016)
Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs.Accuracy Rate:Our accuracy...
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Boral U.S. Expansion Via AUD 3.5 Billion Acquisition. FVE Reduced to AUD 4.80
No-moat-rated Boral has entered a binding agreement to buy U.S.-listed Headwaters for AUD 3.5 billion. The deal will be funded by AUD 2.1 billion...
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BORAL - Pulling Out the Trump Card - Big Deal but Only Post-Synergy Accretion
Boral plans to raise A$450m through an institutional placement, along with an A$1.6bn through a rights issue, to fund its acquisition of Headwaters...
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China Housing: Strong Recovery but Debt and Vulnerabilities Rise
In this post, Evidente draws on recent analysis undertaken by the RBA of developments in China's residential property markets. Thanks to a number...
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Retain Defensive Bias as the Reluctant Rate Cutter Likely to Deliver More Stimulus
Interbank Cash Rate Futures point to a 65% probability that the RBA will cut the Overnight Cash Rate (OCR) by 25 basis points to 1.5% on...
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