Macquarie Group Limited
(ASX:MQG) has successfully completed a $400 million capital raising.
The heavily over-subscribed institutional placement will see 5 million new shares issued at $80 each and will be eligible for any interim dividend for the six months to end September 2015.
Ordinary share holders will also be able to participate in a share purchase plan with details on that to be announced in November.
Macquarie Group reported a net profit of $1.6 billion for the 2015 financial year.
