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Showing 471 - 480 of 1896 results for "Raising"

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... trading halt as it announced a capital raise to bolster the group for a possible prolonged economic downturn. The capital raising comprises a $3 billion fully underwritten share placement at the fixed price of $14.15 per share and a non-underwritten ...

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... same or a lower price than the placement. "This is so that retail shareholders get to participate in the overall capital raising at a price at least as favourable as the placement," the ASX said. "Entities will now be allowed to do a placement followed ...

Former Wallaby banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 APR 2020
... create or maintain an artificial share price for the company. Bell Potter had been the manager and underwriter to a capital raising, resulting in DirectMoney being admitted to the ASX on 13 July 2015. On 16 November 2017, Bell Potter paid a penalty of ...

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... maintained through this crisis. For some investors, these changes will bring peace of mind." AMP Capital said it will not be raising its sell spreads (it's not allowed by the constitution), and is committing to a distribution of 1.81 cents per unit ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... including higher premiums across retail and group insurance offerings. According to the firm, the COVID-19 pandemic is raising many questions of life insurers, including how it covers claims on existing policies, and whether new cover will be accessible ...

Melbourne fund tightens redemptions amid COVID-19

KANIKA SOOD  |  FRIDAY, 3 APR 2020
A Melbourne boutique has moved its real estate and infrastructure fund from daily redemptions to monthly, citing COVID-19 volatility and drawdown. Newgate Capital Partners wrote to investors on Wednesday, informing them of the changes in the Newgate ...

Pandemic response concerns overblown

HARRISON WORLEY  |  FRIDAY, 3 APR 2020
... will be $1.6 billion. How could we pay for that?" Richardson asks. "To take a simple example, you could pay for that by raising the Medicare levy from today's 2%. It would have to go all the way up... to 2.14%." What's more, Richardson said Australia ...

Opportunities and threats amid COVID-19 crisis

ALLY SELBY  |  THURSDAY, 2 APR 2020
... had going into the GFC and less exposure to property and more exposure to mortgages, so they should get through without raising more capital," he said. As Australian households are highly leveraged, spending will be impacted both short and long term ...

Investors flock to TCorp floating rate note

HARRISON WORLEY  |  MONDAY, 30 MAR 2020
... bond with a coupon rate of 2%, set to mature in March 2033. The offering proved popular among investors, with the bond raising $1 billion and attracting a yield of 1.565%. TCorp said 76% of investors were asset managers, while balance sheet made up 18%. ...

Pinnacle distribution director takes new role

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... international experience, strong existing client relationships, and proven track record in leading a distribution strategy and raising funds, while also providing exceptional client service, will be invaluable." Hodnett has over 17 years' experience ...