Origin Energy Limited
(ASX:ORG) says it has successfully completed a $1.35 billion capital raising.
Institutional investors took up 92 per cent of the offer at $4.00 with the balance remaining 8 per cent cleared in a book build at $5.20 per share, a premium of $1.20 per share.
This is the first stage of a $2.5 billlion capital raising with a 4 for 7 Retail Entitlement Offer at $4.00 to open on Tuesday 13th October.
Origin is currently in a trading halt and will resume trade on Tuesday following the Labour Day public holiday in New South Wales.
Origin made a net loss of $590 million for the 2015 financial year.
