1987 – Year of the shrinking market?
CSR, the diversified sugar, energy and resources group and one of the more active Australian issuers in international markets in recent years, plans to have a quieter time in 1987.
“We expect borrowings to be reduced on a net basis,’ said treasurer Geoge Devrell.
Having raised A$200 million from a share placement and a one-for-ten rights issue, Devrell is not expecting much movement on the equity front either. CSR will net a further A$90 million in the next two to five years from shareholders’ options which formed part of the rights issue package.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
