Macquarie considers further capital raising

Friday 14 September 2001 at 16:00

Australia's Macquarie Bank may return to the equity market for a further dose of capital within a year, even as it commences the second stage of a $275m (€299m) sale of new shares to finance fund management expansion.

This week's share sale went ahead despite the terrorist attacks on New York and Washington. The bookbuild continued through the European and US trading day, however, the institutional share sale was extended by a day. In the end virtually all the stock was sold to Australian institutions.