Australia: Ripe for mezz
Australia is not what the global mezzanine debt industry might consider a stand-out market. Traditionally, equity and senior debt have always reigned supreme, and convertible bonds have been considered quite a sexy debt instrument.
Gary Stead, Managing Director and Co-Founder, Shearwater Capital, explains that mezzanine suffers reputationally in Australia, which has put many off. “From an investor perspective, people tend to think...
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