CBL plans to raise as much as $132M in share sale, list on ASX, NZX

Mon, 07 Sep 2015

By Tina Morrison Sept. 7 (BusinessDesk) - CBL Corp, which sells credit surety and financial risk insurance, plans to sell shares to raise as much as $132 million and list on the New Zealand and Australian sharemarkets next month. Auckland-based CBL intends to sell shares to institutional investors in New Zealand, Australia and other countries, and to retail investors in New Zealand, at an indicative range of $1.45 to $1.85 apiece, it said in a statement. A bookbuild to determine the price will take place on Sept. 17, with the shares expec...

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