ANZ's Recapitalization Expected To Raise US247 Million
As part of its recapitalization plan, Air New Zealand issued 2.17 billion new ordinary shares Friday, which will be listed on the New Zealand Stock Exchange. Priced at NZ$0.27 per share, the listing will raise NZ$585 million (US$247.6 million). The airline would use the proceeds to repay outstanding...
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