ANZ rushes to raise new capital

05 August 2015

 

ANZ announced it will issue $3bn of ordinary shares, which qualify as common equity tier 1 (CET1) capital, in two tranches, $500m for retail investor via a share purchase plan scheme and $2.5bn to institutions via a share placement. The shares will be issued at a price of $30.95. ANZ’s CFO Shayne Elliott said APRA’s decision to raise the risk weighting on residential mortgages had influenced the decision, especially in...

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