Corporate Travel Management Ltd Rights Issue

Dec 14, 2016 admin Equity, Investment Opps, SMSF

Corporate Travel Management Ltd announced today a 1 for 21 pro-rata renounceable entitlement offer at an issue price of $15 per share to raise approximately $71.085m. The Funds will be used to acquire Andrew Jones Travel and Redfern Travel. The issue price represents a discount per share of 6.4% to the theoretical ex-rights issue price or 9.9% to the 5 day VWAP.

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Estia Health Entitlement Offer

Dec 13, 2016 admin Equity, Investment Opps, SMSF

Estia Health announced an Institutional Entitlement Offer of a 1 for 3 pro-rata accelerated non-renounceable entitlement offer for new shares. It is expected to raise $72m at $2.10. A Retail Entitlement is expected to raise $65m.

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Freedom Foods Group Entitlement Offer and Placement

Dec 09, 2016 admin Equity, Investment Opps, SMSF

Freedom Foods Group has announced the pro-rata accelerated non-renounceable entitlement offer and institutional placement to raise approximately $62m at a price of $4.45. The offer is at 2 new shares for every 25 held at the record date. The issue price represents a 5.9% discount to the 30 day VWAP.

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Boral Equity Raising

Nov 22, 2016 admin Equity, Fixed Income, Investment Opps, New Investment opportunity

Boral has entered into a binding agreement to acquire Headwaters Incorporated for around $2.6 billion USD. Boral intends to raise A$2,058m in new equity to partially fund the acquisition.

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IAG Capital Notes Offer

Nov 21, 2016 admin Equity, Fixed Income, Investment Opps

Insurance Australia Group today announced an offer to raise $300m with the ability to raise more or less. The Capital Notes are scheduled to pay quarterly floating rate discretionary distributions which are expected to be fully franked. The optional exchange date will be 15 June 2023, and they will mandatorily convert to IAG shares on 16 June 2025.

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