Sydney - Monday - December 8: (RWE Aust Business News) - ING Office Fund (ASX:IOF) has completed a $400 million capital raising to strengthen its balance sheet. This consists of an institutional placement, accelerated non-renounceable institutional entitlement offer and accelerated non-renounceable retail entitlement offer. The offers are on a one-for-2.9 basis. The 150m institutional placement and $210m institutional entitlement offer have been completed at 80c per unit. A further $40m of the retail offer has been underwritten, taking the minimum raising to $400m.
IOF Price at posting:
89.4¢ Sentiment: LT Buy Disclosure: Not Held