Sectors

Australia's deals of the year: equity-linked offering

Date: 04 Feb 2010

The sale of exchangeable bonds to the International Petroleum Investment Co. of Abu Dhabi could influence Papua New Guinea's economic future. It wins our award as best equity-linked offering of the past year.

Keywords (click to search): [International Petroleum Investment Company] [Abu Dhabi] [Papua New Guinea] [Oil Search] [PNG LNG] [Goldman Sachs JBWere]

Richard Morrow

BEST EQUITY-LINKED OFFERING
IPBC A$1.68 billion exchangeable bonds into Oil Search shares
Bookrunner: Goldman Sachs JBWere

It’s not often that one financial transaction can influence the economic future of an entire country. But that might have been the case with the Papua New Guinea (PNG) government’s A$1.68 billion sale of exchangeable bonds to the International Petroleum Investment Company (IPIC) of Abu Dhabi.

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