Business
MyState in $80m equity raising, BoA on ticket – The Australian Financial Review
Tasmanian financial services group MyState is cap in hand in front of fund managers.
Tasmanian financial services group MyState is cap in hand in front of fund managers seeking an equity injection on Monday morning.
MyState launched a capital raising on Monday. Louise Kennerley
The bank was seeking to raise $60 million from existing investors via a rights issue and another $20 million in an institutional placement.
The raising was at $4.30 a share, which was an 11.3 per cent discount to the last close.
Bank of America was tasked with overseeing the raising.
The rights issue was…
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