Atlas Arteria (ASX:ALX) revealed that the Company has completed the $420 million of capital raising. Under this placement nearly 67.7 million new fully paid ordinary shares shall be issued at a per share price of $6.20.
Moreover, the company stated that the placement received robust demand from both domestic as well as offshore institutional investors and was oversubscribed.
The capital raising is to strengthen Atlas’s balance sheet and enhance its flexibility to engage in growth opportunities arising on the way forward.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.