Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

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.

“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.”

Advertisement
Advertisement

PROMOTED FEATURES


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

The federal government has unveiled a plan to overhaul responsible lending laws by shifting from a “lender beware” model to a “borrowe...

Housing affordability pressures have intensified for first home buyers in five of Australia’s major capitals, who now require more time to...

ASIC has directed fund managers to do more to remain “true to label” after finding that funds labelled as cash had assets other than cas...

FROM THE WEB
podcast

LATEST PODCAST: How lenders are viewing the property price outlook

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.