Air NZ shortfall bookbuild prices at 81 cents
Bookbuild completion spells successful end to rights offer that got off to a rocky start.
Air New Zealand has completed a shortfall bookbuild in the issuance of 274 million shares, with the price determined to be 81c each – equating to the theoretical ex-rights price and a 28c premium over the rights offer price.
That means the airline has raised its targeted total of $1.2 billion
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