Allens continues to be at the forefront of the corporate hybrid bond market, advising on leading US energy company NextEra Energy's dual-tranche $775 million subordinated hybrid bond issuance.
The transaction is a notable development for the Australian kangaroo bond market, with NextEra being the first non-Australian issuer of A$ subordinated corporate hybrid bonds.
'We are always excited to be involved in new developments in the Australian capital markets. With strong demand for corporate hybrids in the Australian capital markets, we expect continued interest from both offshore and Australian corporate issuers,' said Partner James Darcy.
Allens has also advised on a spate of other recent corporate hybrid issuances by Aurizon, Transgrid, Pacific National, Ampol and Scentre.
