Nothing lights up capital markets like a chunky after-market block.
It’s even better when it’s one involving two top-50 companies and an eye-watering discount, at a pretty quiet time in the market.
So, credit to Wesfarmers for hitting the bid and brightening the afternoon for bored traders on the dealing desks.
And what a tight bid it was, too – $500 million in Coles Group at only a 1.8 per cent discount.
We take a look at the block trade in Street Talk.
Elsewhere, we have the latest at Collimate Capital (nee AMP Capital), where real estate bigwigs are scrambling to firm up indicative offers in the next few weeks.
