$4.4b coal miner New Hope eyes rare $250m hybrid securities offer

Detailed summary

The transaction will be pitched as the first ASX-listed franked hybrid by a non-financial company in about 20 years.

Last week $4.4 billion New Hope flagged its intentions to issue a new fully franked ASX-listed hybrid security – but the coal producer remained mum on the size of the deal.

Now sources with knowledge of the mooted transaction who were not authorised to speak on the record say the company will head to the market with a $250 million offer on Monday morning.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.