Utilities
Morgan Stanley Backs Scentre Group Amid Debt Refinancing Efforts - Kalkine
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Highlights
Scentre Group aims to refinance ~AU$1 billion in subordinated debt issued on September 20.
Morgan Stanley maintains "Overweight" rating with a price target of AU$4.34.
Company previously replaced AU$300 million in hybrids with traditional debt and issued AU$900 million in hybrids in September 2024.
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