DataRoom AM: QBE cash hunt

QBE may look to raise almost $1bn to ease its debt load after a rough year, while Rio Tinto considers selling out of its Bougainville Copper project.

It’s been a harrowing year for QBE Insurance shareholders and the firm’s share price could face more downward pressure this week as speculation surfaces of an imminent capital raising just short of $1 billion. On the plus side, stockholders will at least get access to discounted stock.

Elsewhere, Rio Tinto puts another asset on the auction block, Apache Energy trumpets great news ahead of a global asset sell-off and Aurizon weighs a possible $2bn divestment.

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