Companies in Australia, NZ raise $8.5 bln to tide over coronavirus crisis (Adds Sydney Airport, Metcash) the coronavirus: inan * Interactive graphic showing a country-by-country tracker of the coronavirus: open https://tmsnrt.rs/2WZPuOh in an external browser * For a factbox detailing layoffs in corporate Australia and New Zealand, click here The fallout from the coronavirus pandemic has sent companies scrambling tocreate a buffer to survive the crisis through capital raising.Companies in Australia and New Zealand have largely turned to equity markets to boost liquidity andcalm worries among investors and creditors.Regulators in both countries have also eased rules to helpcompanies shore up capital.Here are some of the equity- and debt-raising initiatives, worth about $8.5 billion in total, fromlisted companies in Australia and New Zealand: EQUITY: Cochlear Ltd A$930 million* Healthcare Webjet Ltd A$346 million** Travel Flight Centre Travel Group A$700 million** Travel NextDC Ltd A$672 million Data Centre operator Oil Search A$1.16 billion Oil and gas explorer oOh!media Ltd A$167 million** Advertising IDP Education Ltd A$240 million* Education Reece Ltd A$600 million Plumbing distributor Southern Cross Media Group Ltd A$169 million Media G8 Education A$301 million** Education Centuria Industrial REIT A$140 million* REIT QBE Insurance Group $825 million* Insurance InvoCare Ltd A$150 million Funeral Services Metcash Ltd A$330 million* Grocery distributor AUSTRALIA TOTAL $4.59 billion Auckland Airport NZ$1.2 billion* Travel Kathmandu Holdings Ltd NZ$207 million** Retail NEW ZEALAND TOTAL $861.37 million TOTAL ACROSS AUSTRALIA AND NEW ZEALAND $5.45 billion Notes: * Includes announced share purchase plan ** Retail component of offer still ongoing DEBT: Qantas Airways A$1.05 billion Airline Crown Resorts A$1.01 billion Casinos Star Entertainment Group A$200 million Casinos Sydney Airport Holdings Ltd A$850 million Airport operator Stockland Corp A$350 million Property Flight Centre Travel Group A$200 million Travel Cochlear A$250 million^ Healthcare Viva Energy REIT A$275 million REIT IDP Education Ltd A$150 million Education National Storage REIT A$225 million Storage centre operator Super Retail Group A$100 million Retail AUSTRALIA TOTAL $2.96 billion Spark New Zealand NZ$150 million Telecom NEW ZEALAND TOTAL $91.64 million TOTAL ACROSS AUSTRALIA AND NEW ZEALAND $3.05 billion Note: ^ Talks ongoing for portion of total (Reporting by Nikhil Kurian Nainan in Bengaluru, Editing by Sherry Jacob-Phillips, EmeliaSithole-Matarise and Sriraj Kalluvila) 2020-04-20 07:49:28
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