ANZ Banking Group shares won’t trade until Thursday, allowing time for the group to go cap in hand to shareholders with a $3.5 billion raising.
ANZ requested a trading halt starting first thing Monday morning, paving the way for the institutional component of its raising to play out.is expected to be a $3.5 billion rights issue with funds raised used to acquire Suncorp’s bank.
Fund managers were awaiting formal term sheets on Monday morning, outlining the raising price and terms.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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