trending Market Intelligence /marketintelligence/en/news-insights/trending/aL7giEKDsbu_u5rulxuMJw2 content esgSubNav
In This List

Centuria Capital Group to raise A$100M in share sale

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Centuria Capital Group to raise A$100M in share sale

Centuria Capital Group is looking to raise approximately A$100 million in new equity through an institutional placement.

The company plans to issue approximately 47.6 million new securities at A$2.10 apiece. The offer will open Sept. 23 and close Oct. 9.

Centuria Capital Group plans to use proceeds from the issuance to invest in Centuria Metropolitan REIT. The group said it has committed A$37.5 million to invest in the equity fundraising of Centuria Metropolitan REIT, which agreed to purchase two office properties in Australia for A$380.5 million.

Centuria Capital Group will also use the issuance's proceeds from capital management initiatives and additional working capital.

Moelis Australia Advisory Pty Ltd. is acting as lead manager and underwriter for the institutional placement. Shaw and Partners is co-lead manager to the offer.