After Orica’s success, it seems like hybrid capital raisings are driving the whole M&A market this year. CFO. 01 May 2006 The Australian stockmarket is at an all-time high. The mergers and acquisitions business is booming, and the boom is bringing a wave of new capital-raising to the market. But if 2006 is to be known for anything, it will be the year of the hybrid step-up preference security (SPS). The twist that has caught the market’s interest is that […]