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AUSTRALIA'S MACQUARIE BANK LAUNCHES IPO FOR AIRPORTS FUND.
SYDNEY, March 1 Asia Pulse - Macquarie Bank Ltd (ASX:MBL) has announced the launch of a $A1 billion ($US515.5 million) initial public offer for its Macquarie Airports Fund (MAp).
The offer involves the issue of 500 million $2.00 securities in two instalments, with a minimum investment of $2,000.
The bank said it hoped the airports fund would be listed on the Australian Stock Exchange in early April.
The first instalment involves payment of $1.00 for each security raising $500 million, while a second instalment of $1.00 per security will occur six months later.
Macquarie Bank said the float was the biggest of its kind in Australia so far this year.
The initial $500 million raised will be used to purchase 36.7 per cent of the existing Macquarie Airport Group (MAG), which owns 50 per cent of the UK's Bristol Airport and 24 per cent of Birmingham Airport.
The airport group was set up by the bank in August last year to make equity investments in airports in OECD countries, with a particular focus on Europe.
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- News wire article from: AsiaPulse News March 20, 2003 700+ words
SYDNEY, March 20 Asia Pulse - Macquarie Bank Ltd airport investment fund Macquarie Airports (ASX:MAP) today reported a slowdown in traffic growth at Sydney Airport and Rome's Fiumicino airport, citing geopolitical...
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- News wire article from: AsiaPulse News January 22, 2003 700+ words
SYDNEY, Jan 22 Asia Pulse - Macquarie Bank Ltd (ASX:MBL) was last night selling more than half its stake in Macquarie Airports (MAp), in a move that will boost the bank's balance sheet, The Australian Financial Review reports. The bank...
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- News wire article from: AsiaPulse News December 19, 2002 700+ words
...Dec 19 Asia Pulse - Macquarie Bank Ltd (ASX:MBL...stock overhang in Macquarie Airports (MAp) by the end...the deadline for Macquarie Bank's exit, as the...their issue price. Macquarie Bank inherited a six per...
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- News wire article from: AsiaPulse News January 22, 2003 700+ words
...SYDNEY, Jan 22 Asia Pulse - Macquarie Airports (MAp) (ASX:MAP) securities...fully paid stock, after Macquarie Bank Ltd offloaded a six per...million securities sold by Macquarie Bank, which inherited the stake...But fund managers said Macquarie Bank had sold the ...
- AUSTRALIA'S MACQUARIE AIRPORTS QUESTIONED OVER FEE PAYMENTS.
- News wire article from: AsiaPulse News April 21, 2006 700+ words
...April 21 Asia Pulse - Macquarie Airports (MAp) (ASX:MAP) faced...in fees it paid backer Macquarie Bank (ASX:MBL) last year...Copenhagen and elsewhere, paid Macquarie Bank a total of $A54 million...of the fees MAp paid to Macquarie Bank for financial advice on...
- AUSTRALIA'S PATRICK CORP BLASTS MACQUARIE BANK OVER TERMINAL.
- News wire article from: AsiaPulse News November 25, 2002 700+ words
...Corrigan believes Macquarie Bank Ltd's (ASX:MBL...In July 2002, Macquarie Bank released its prospectus...be investors. Macquarie Bank chief executive Allan...of the assets in Macquarie Airports fund. "We feel...
- AUSTRALIA'S MACQUARIE BANK TIPPED TO POST ANOTHER RECORD PROFIT.
- News wire article from: AsiaPulse News November 11, 2005 700+ words
...Nov 11 Asia Pulse - Macquarie Bank Ltd (ASX:MBL...them," he said. Macquarie Bank has already announced...Sydney Airport owner Macquarie Airports. However analysts...come a month after Macquarie Bank's shares were savaged...
- MACQUARIE AIRPORTS INVESTORS FINALLY COME OUT AHEAD.
- News wire article from: AsiaPulse News June 10, 2004 700+ words
...into Sydney Airport owner Macquarie Airports (MAp) (ASX:MAP) two...warmed to the stock. The Macquarie Bank Ltd (ASX:MBL)-managed...eight per cent per month. Macquarie Bank also stands to benefit...traded above $2.00. Macquarie Bank shares rose nine cents to...
Source: HighBeam Research, AUSTRALIA'S MACQUARIE BANK LAUNCHES IPO FOR AIRPORTS FUND.