Macquarie completes $400m capital raising

Macquarie completes $400m capital raising

Macquarie has completed a capital raising of $400 million in the domestic and international capital markets.


In a statement to the ASX, Macquarie chief financial officer Patrick Upfold confirmed that Macquarie raised $400 million through an institutional placement, via a bookbuild, which will result in the issue of five million fully paid ordinary shares.

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

According to the statement, the placement does not require shareholder approval and settlement is expected to take place on 14 October 2015. The shares will be eligible for any interim dividend for the six months ending 30 September 2015.

 

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