rivercity-motorway-readies-a725-million-public-offering

RiverCity Motorway readies A$725 million public offering

Arrangers consider an Asian roadshow to tap local demand for infrastructure projects.
June 07, 2006
RiverCity Motorway, the winning consortium behind BrisbaneÆs north-south bypass tunnel, will lodge the prospectus for its A$725 million $540 million equity fund raising on Friday with the institutional bookbuild set to start two weeks later.

The prospectus will outline the economics of BrisbaneÆs first privately-operated toll road and detail the structure of the IPO which is being arranged and underwritten by financial sponsors ABN AMRO Rothschild.

A source close to the deal says the IPO is likely to follow a similar structure to the ConnectEast transaction completed in 2004 to fund a 39-kilometre toll road in MelbourneÆs Southeast. The A$1.2 billion IPO for ConnectEast included a partly-paid security structure and an attractive...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222