ASIA-PACIFIC

摘要

Toll-road operator transurban has completed the institutional component of its A$2.34bn 10-for-43 accelerated renounceable entitlement offer. Eligible shareholders took up 95% of the offering, with the remaining shares sold in a shortfall bookbuilding exercise at A$7.00 each, 25 cents per share over the offer price. Proceeds will help fund Transurban's equity contribution for the acquisition of Queensland Motorways. "The commonly used AREO structure utilised in this raising ensured that Transurban's bid for Queensland Motorways was not perceived by the vendor as presenting greater execution or funding risk, when compared to unlisted competing bidders, and separately has provided competitive funding," said Transurban chairman Lindsay Maxsted.