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Companies in Australia, NZ raise over $11 bln to tide over coronavirus crisis

Published 27/04/2020, 10:45 am
Updated 27/04/2020, 10:48 am

* Interactive graphic tracking global spread of the coronavirus: open https://tmsnrt.rs/3aIRuz7 in an external browser

* 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 (Adds National Australia Bank)

April 27 (Reuters) - The fallout from the coronavirus pandemic has sent companies scrambling to create a buffer to survive the crisis through capital raising.

Companies in Australia and New Zealand have largely turned to equity markets to boost liquidity and calm worries among investors and creditors. Regulators in both countries have also eased rules to help companies shore up capital. are some of the equity- and debt-raising initiatives, worth more than $11 billion, from listed companies in Australia and New Zealand:

EQUITY:

COMPANY

REUTERS

AMOUNT

SECTOR

INSTRUMENT

($1 = A$1.5620)

CODE

($1 = NZ$1.6369)

AUSTRALIA

National Australia Bank Ltd

NAB.AX

A$3.5 billion*

Financials Ramsay Health Care Ltd

RHC.AX

A$1.4 billion*

Healthcare Oil Search

OSH.AX

A$1.16 billion

Oil and gas explorer QBE Insurance Group

QBE.AX

$825 million*

Insurance Cochlear Ltd

COH.AX

A$930 million*

Healthcare Flight Centre Travel Group

FLT.AX

A$700 million**

Travel NextDC Ltd

NXT.AX

A$672 million

Data Centre operator Reece Ltd

REH.AX

A$600 million

Plumbing distributor Webjet Ltd

WEB.AX

A$346 million**

Travel Metcash Ltd

MTS.AX

A$330 million*

Grocery distributor G8 Education

GEM.AX

A$301 million**

Education IDP Education Ltd

IEL.AX

A$240 million*

Education Southern (NYSE:SO) Cross Media Group Ltd

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SXL.AX

A$169 million

Media oOh!media Ltd

OML.AX

A$167 million**

Advertising InvoCare Ltd

IVC.AX

A$150 million

Funeral Services Centuria Industrial REIT

CIP.AX

A$140 million*

REIT

AUSTRALIA TOTAL

$7.69 billion

NEW ZEALAND

Auckland Airport

AIA.NZ

NZ$1.2 billion*

Travel Kathmandu Holdings Ltd

KMD.NZ

NZ$207 million**

Retail

NEW ZEALAND TOTAL

$861.37 million

TOTAL ACROSS AUSTRALIA AND NEW ZEALAND

$8.54 billion

Notes:

* Includes announced share purchase plan

** Retail component of offer still ongoing

DEBT:

COMPANY

REUTERS

AMOUNT

SECTOR

INSTRUMENT

($1 = A$1.5743)

CODE

($1 = NZ$1.6369)

AUSTRALIA

Qantas Airways

QAN.AX

A$1.05 billion

Airline Crown Resorts

CWN.AX

A$1.01 billion

Casinos Sydney Airport Holdings Ltd

SYD.AX

A$850 million

Airport operator Stockland Corp

SGP.AX

A$350 million

Property Viva Energy REIT

VVR.AX

A$275 million

REIT Cochlear

COH.AX

A$250 million^

Healthcare National Storage REIT

NSR.AX

A$225 million

Storage centre

operator Star Entertainment Group

SGR.AX

A$200 million

Casinos Flight Centre Travel Group

FLT.AX

A$200 million

Travel IDP Education Ltd

IEL.AX

A$150 million

Education Super Retail Group

SUL.AX

A$100 million

Retail

AUSTRALIA TOTAL

$2.96 billion

NEW ZEALAND

Spark New Zealand

SPK.NZ

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

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Australian companies race to raise capital, share placements top $6 bln

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