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Allens Arthur Robinson and Freehills have advised on a hybrid deal expected to raise $1 billion for Westpac.
Firms: Allens Arthur Robinson (Westpac Banking Corporation), Freehills (joint lead managers)
Value: $1 billion
Key players: Co-head of equity capital markets Stuart McCulloch led the Allens team, together with partners Larry Magid and Julian Donnan, senior associate Judith Taylor and lawyers Shannon Thompson, Lisa Bau, Kirsty Moore and Evan Bendelstein
Deal significance: McCulloch said hybrid deals, such as the one being undertaken by Westpac, are on the increase so far in 2012. “The current demand for these kinds of products is particularly strong,” he said.
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