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.