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Westpac raises A$770M via share sale

Westpac Banking Corp. raised approximately A$770 million through its share purchase plan that closed Dec. 2.

The Australian bank said it will issue roughly 31.9 million new shares at A$24.20 apiece to successful applicants Dec. 11. The final amount raised excludes about A$68 million of withdrawal requests accepted from about 3,390 eligible investors.

The shares will commence trading on the ASX and holding statements will be issued to applicants on Dec. 12.