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Equity capital markets quiet as financial year closes

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An $11 million placement and convertible bond issue was the biggest announced raising on Thursday, as the end of financial year and volatile equity markets dried up equity capital markets activity.

■ AnaeCo announced a raising of up to $10.8 million, which consisted of a $1.8 million placement and $7 million to $9 million convertible bond issue. Bizzell Capital Partners arranged the raising.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/companies/equity-capital-markets-quiet-as-financial-year-closes-20110630-iagac