April 28, 2020 / 12:02 AM / a month ago

Australia's Lendlease to raise $741 million, mostly via share placement

April 28 (Reuters) - Australian construction firm Lendlease Group on Tuesday said it would raise up to A$1.15 billion ($741.29 million) to shore up its balance sheet and guard against market uncertainty stemming from the coronavirus crisis.

The company said it will raise A$950 million in new equity via a fully underwritten share placement at A$9.80 per share, and up to A$200 million through a non-underwritten share purchase plan.

Lendlease also withdrew all forecasts it had provided with its first-half results.

$1 = 1.5513 Australian dollars Reporting by Shriya Ramakrishnan in Bengaluru Editing by Shri Navaratnam

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below