ANZ Bank to raise A$3 bln in placement, share purchase plan to meet regulatory requirements

Thu, 06 Aug 2015

By Paul McBeth Aug. 6 (BusinessDesk) - Australia & New Zealand Banking Group, one of the big four Australian lenders, will raise A$3 billion, largely through a placement to institutions, to meet new capital requirements recently announced by the Australian Prudential Regulation Authority. The Melbourne-based bank will sell A$2.5 billion of shares in a fully underwritten placement to institutional investors in a bookbuild today, with a further A$500 million to be raised in a share purchase plan to investors in Australia and New Zealand, it...

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