Transurban closes retail entitlement offer

Company News

by Kathy Skantzos

Toll road company Transurban (ASX:TCL) has raised $399 million in the retail component of its $1.9 billion entitlement offer, after raising $1.35 billion in the institutional component of the offer.

Approximately 35 million new securities will be issued under the retail entitlement offer.

A retail shortfall bookbuild commenced after the market close yesterday, 29 January 2018.

Approximately 13.6 million new securities will be offered under the retail shortfall bookbuild worth approximately $156 million at $11.40 per security, which represents entitlements for ineligible retail security holders.

Transurban recently announced a US$565 million Fredericksburg extension project which is scheduled for construction in the first half of 2019.

Shares in Transurban (ASX:TCL) closed 0.33 per cent lower yesterday at $12.02.

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