Plenty of passengers for Sydney Airports A$600 million hybrid

UBS Warburg''s innovative floating IPO exchangeable reset security (or FLIERS) attracts big interest from institutions and is now selling to retail investors.
July 15, 2002

Joint lead arrangers and underwriters UBS Warburg opened the retail portion of its hybrid deal for the owner of Sydney Airports yesterday (Monday) after closing the institutional book last week three times oversubscribed.

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