Lend Lease plans share sale to fund new projects

02/25/2010 | Bloomberg

Lend Lease Group plans a share sale to fund new developments. Analysts like the approach the company is taking with capital raising. A share sale "clearly demonstrates LLC's commitment to retaining the 'BBB-/A-3' ratings and its willingness to fund its growth in a manner that balances the interests of both debt and equity providers," S&P credit analyst Paul Draffin said. "Capital recycling will remain a key ongoing funding source for LLC, and we expect the group to continue to actively pursue capital recycling opportunities in the future."

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