News: SYD Australia's Sydney Airport to raise $1.4 bln

Aug 11 (Reuters) - Australia's Sydney Airport Holdings (SYD) said on Tuesday it would raise A$2 billion ($1.43 billion), nearly three months after the airport operator said it did not foresee the need to raise equity.

The company said it expected its net debt position to reduce from A$9.1 billion to A$7.1 billion as at June 30, following the entitlement offer.

($1 = 1.3988 Australian dollars)