Sydney Airport Raises $1.3 billion and Provides Traffic Update

1 min read | August 14, 2020 12:58 PM AEST | By Team Kalkine Media

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Sydney Airport (ASX:SYD) announced the completion of the institutional component of its $2 billion equity raising and released a traffic update for July. Details Include:

SYD raised gross proceeds of approximately $1.3 billion through the Institutional Entitlement Offer at $5.3 per new share which was $0.74 above the offer price of $4.56 per security.
Total passenger traffic in July 2020 was 317,000 passengers, down 91.8% on pcp.
42,000 international passengers and 276,000 domestic passengers passed through the airport, down by 97.2% and 88.5%, respectively.

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