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Qantas Airways Completes A$1,360m Institutional Placement

26 Jun 2020  |  08:50:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Qantas completes A$1,360M Institutional Placement

Qantas Airways announced the successful completion of an $1,360m fully underwritten placement (Placement) of 372.7m new shares (Placement Shares) to institutional investors at a price of $3.65 per Placement Share (the Placement Price). The Company Group received high levels of interest from both existing institutional shareholders and new investors, with demand to participate in the Placement in excess of the funds that Company sought to raise. 94% of the Placement Shares were allocated to existing shareholders.

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