ANZ, Citigroup execs defend book coverage despite receding demand in $2.5B capital raising

Allens 2023-04-27 11:57 pm By Sam Matthews | Melbourne

Please login to bookmark

Two executives involved in ANZ’s $2.5 billion equity capital raising have stood by arguments that the book was covered when the bank’s underwriters took up $750 million of the shares, despite ASIC’s allegations of “receding demand” on the day of the placement.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au