It was a busy day on the equity raising front with Vicinity Centres biting the bullet and grabbing $1.2 billion from investors to shore up its balance sheet.

The raising flew out the door - despite tough times at the shopping centre owner and news its biggest shareholder, shopping centre billionaire John Gandel, wouldn't take up his allocation in full.

Vicinity's carrot was a big discount; 33.6 per cent to an NTA figure that had just taken a $2 billion hit. Investors expect further writedowns, but not until later in the year.

In Street Talk tomorrow, we unveil Zip Co's new investor and take a look at Origin Energy's latest corporate play.
And there's an update on Virgin Australia, naturally.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors