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

February 04, 2010  

From Richard Morrow

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.

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...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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