This was published 8 years ago
Macquarie Group capital raising comes in at $547 million
Macquarie Group will accept all share purchase plan applications received from retail investors as part of its funding for the acquisition of Esanda's dealer finance unit.
That will bring the total amount raised, including a $400 million placement to institutions, to $547 million, the company said in a statement to the Australian Securities Exchange. The share purchase plan will see Macquarie issue about 1.9 million ordinary shares at $78.40 apiece, the same price as that afforded to institutional investors.
Macquarie expects the shares to be issued on November 24.
The company completed the institutional placement in early October after announcing it had agreed to buy ANZ Banking Group's dealer finance unit. Macquarie also raised equity via a placement and share purchase plan in March to help finance the acquisition of an aircraft fleet from private equity group Terra Firma.
Macquarie rules off its full year on March 31. Analysts expect chief executive Nicholas Moore will report a record annual result of $2.1 billion.