June 24, 2020 / 10:39 PM / 18 days ago

Qantas enters trading halt to raise equity

SYDNEY, June 25 (Reuters) - Qantas Airways Ltd on Thursday entered a trading halt pending the release of an announcement about a capital raising including an institutional share placement and share purchase plan.

The airline’s board was considering a range of options to strengthen its balance sheet including a A$1 billion-plus ($686.10 million) equity raising, The Australian Financial Review’s Street Talk column reported on Wednesday evening, without citing the source of the information. ($1 = 1.4575 Australian dollars) (Reporting by Jamie Freed; Editing by Leslie Adler)

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