AUSTRALIA

Origin raises Browse funds

ORIGIN Energy has successfully raised about $A1.4 billion of gross proceeds through a hybrid capital issue to finance its deal to buy 40% stakes of two Poseidon discovery-hosting blocks in Western Australia's Browse Basin.

Origin raises Browse funds

The settlement of the long-term euro-denominated hybrid securities is expected in mid-September. "Historically, Origin has enjoyed a strong level of support from investors across debt, hybrid and equity...

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