Powered by MOMENTUM MEDIA
subscribe to our newsletter
Macquarie completes $400m capital raising

Macquarie completes $400m capital raising

Macquarie Group CFO Patrick Upfold has announced that the company has successfully completed a $400 million capital raising in the domestic and capital markets.

The institutional placement, conducted by way of a bookbuild, will result in the issue of five million new, fully-paid ordinary shares at a price of $80 each.

In addition to the placement, Mr Upfold announced that eligible Macquarie ordinary shareholders in Australia and New Zealand will also have an opportunity to participate in a capital raising by way of a share purchase plan.

Advertisement
Advertisement

“The placement was significantly oversubscribed, receiving strong support from existing and new investors both in domestic and international markets,” he said.

“This outcome reflects the positive response from our shareholders to the Esanda dealer finance acquisition, as well as the continued growth across our existing businesses.”

Macquarie said the placement does not require shareholder approval and settlement is expected to take place on Wednesday. The shares are scheduled to commence trading on the ASX on Thursday.

Last week, ANZ announced that it had entered into an agreement to sell its Esanda Dealer Finance portfolio to Macquarie for $8.23 billion.

Macquarie completes $400m capital raising
mortgagebusiness

 

Latest News

ASIC is determined to flex its muscles, with a bill designed to enhance its enforcement powers one step closer to law.  ...

Treasurer Josh Frydenberg has told the banks and regulators that they will face an inquiry down the track to ensure they have lifted their g...

A CEO has welcomed the introduction of legislation that would “remove a handbrake” that has held back customer-owned banks from competin...

FROM THE WEB

POST RC PANEL DISCUSSION ADDED

podcast

LATEST PODCAST: The current mindset of the mortgage industry

Is enough being done to ensure responsible lending?