Street Talk
Mirvac’s capital raise irks
Sarah Thompson, Anthony Macdonald and Gretchen Friemann
By the time Mirvac’s $400 million capital raise for its GE acquisition closed on Monday it was three to four times oversubscribed. But new chief executive Sue Lloyd Hurwitz had little time to celebrate the achievement.
The issuance triggered a brouhaha among investment bankers miffed at the decision to award Macquarie Capital the work rather than the group’s long term lenders.
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