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"The public equity contribution will be the same regardless of who wins the election.
With its $540 million equity contribution, Apollo is probably seeking to reassure banks that the combined company would remain solvent.
It claims this can be done with no budget impact, with the public equity contribution being the same under Labor as under the Liberals.
For large corporate buy-outs in the third quarter of this year, the equity contribution was around 38%, down from nearly 47% in 2009.
It will bring the cost up from $56bn, which is the Coalition's current projected spend, to $57bn, but rely on the same public equity contribution and deliver the project on the same timeline.
It puts the cost at $57b compared with the Coalition's current projected spend of $56bn but its plan would rely on the same public equity contribution and deliver to the same timeline (which the communications minister, Mitch Fifield, contests).
Similar(41)
Traditionally, the monetary fund was financed mostly with "equity" — contributions paid in by member governments.
Under the new plan, Dubai World and MGM will finance their remaining equity contributions to CityCenter through letters of credit.
And indeed, again, they are paid for by the money is contracted by the borrowings in international capital markets, based on equity contributions from the member countries.
Saab's parent group, Swedish Automobile, said: "The eventual purpose of the proposed voluntary reorganisation process is to secure short-term stability while simultaneously attracting additional funding, pending the inflow of equity contributions".
Private Sector Pricing of Assets: Because the new program is designed to bring private sector equity contributions to make large-scale asset purchases, it not only minimizes public capital and maximizes private capital: it allows private sector buyers to determine the price for current troubled and previously illiquid assets.
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