Investment Opps

Troy Resources has announced today an equity raising of up to approximately $40.7m. This includes a 15% institutional placement to raise up to approximately $18.4m, and a pro-rata 1 for 5.5 accelerated non-renounceable entitlement offer to raise approx. $22.3m. This will mean approximately 113m new Tory shares will be issued, representing 33% of existing issued capital. The offer price is expected to be 36cps, which represents a 14.8% discount to the 5 day VWAP.

NEXTDC has announced today that is undertaking a fully underwritten Capital Raising to raise approximately $150m. It consists of an institutional placement to raise approximately $50m at $4.06 per share, and a 1 for 9.1 accelerated non-renounceable pro rata entitlement offer to raise approximately $100m at $3.74 per share.

ANZ has announced today a new issue of ANZ Capital Notes 4 - ANZPG. The issue is to replace the CPS2, and to issue approximately 10 million ANZ Capital Notes 4 at the issue price of $100, in order to raise $1b (more or less).

Independence Group has announced today an Institutional Placement and Share Purchase Plan (SPP) to raise up to $280m. The Equity raising is a fully underwritten placement of $250m to sophisticated, professional, and other institutional investors.

Virgin Australia Holdings Ltd has announced a fully underwritten $852m Pro-Rata Entitlement offer. The offer is at a price of 21cps to raise equity of approximately $852m. The Offer and recent placement to HNA Innovation will raise total proceeds of $1.011b of new equity capital. Funds will be used to strengthen the balance sheet and repay shareholder loan facilities and other debt facilities.