Tag Archives: financial assets

ANZ to sell $2bn in shares to fund RBS Asia buyout

AUSTRALIA and New Zealand Banking Group Ltd, the nation’s fourth-largest lender, plans to raise A$2.5 billion (US$2 billion) selling shares to fund a bid for Royal Bank of Scotland (RBS) Plc’s Asian assets. The Melbourne-based bank will sell the shares to institutional investors at A$14.40 each, a 7.5 percent discount to its last traded price, … Continue reading