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Wednesday’s capital raisings

Skilled Group tagged a $53.4 million capital raising on to its results on Wednesday, while Melbourne broker Intersuisse had a busy day underwriting deals for IronClad Mining and Diatreme Resources.

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Skilled Group tagged a $53.4 million capital raising on to its results on Wednesday, while Melbourne broker Intersuisse had a busy day underwriting deals for IronClad Mining and Diatreme Resources.

■ Skilled Group announced a $53.4 million equity raising to reduce the group’s debt and debt servicing costs. Goldman Sachs has underwritten the one-for-six accelerated non-renounceable entitlement offer that targets both institutional and retail shareholders. Clayton Utz’s Brendan Groves did the legal work.

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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/markets/debt-markets/wednesday-s-capital-raisings-20110223-ikrkt