Investment Opps

Westpac will undertake the partial sale of its shareholding in BT Investment Management Limited (BTIM) by way of an Institutional & Retail offer. The Institutional offer concluded on 17th June at $8.20 per share (a 6% discount to the previous day’s closing price) for 55million ordinary shares.

SCP has announced the successful completion of a fully underwritten institutional placement of $80m. The Placement was oversubscribed, and the placement was upsized $30m to $80m. Proceeds will be used to fund 3 shopping centres in Tasmania, and Mount Warren Park in Queensland.

Last week (26th May) BetaShares announced the launch of Australia’s first ETF to track the NASDAQ-100 Index – BetaShares NASDAQ 100 ETF (ASX: NDQ).

Argo Investments Limited (ASX: ARG) has announced its intention to create a new ASX listed investment company, Argo Global Listed Infrastructure Limited (AGLI), with the portfolio actively managed by Cohen & Steers, Inc.

Macquarie Group Limited announced today an institutional placement to raise $500m to fund the acquisition of the AWAS aircraft operating lease portfolio. The Placement will be conducted via bookbuild to institutional and professional investors. A share purchase plan (SPP) will be offered to eligible shareholders for up to $10,000 AUD per eligible shareholder, with the record date 3rd March 2015. The SPP will be priced at the lower of the issue price paid in the Placement ($73.50 per share), and a 1% discount to the 5 day VWAP immediately prior to the closing date.