They look like reducing the pro-forma balance sheet gearing from 45%to 33-34%.
Back to basics.
Sydney - Wednesday - November 26: (RWE Aust Business News) - ConnectEast (ASX:CEU) has completed the $294.5 million institutional component of its $450m capital raising. The placement raised $105m at 55c per stapled unit and the institutional entitlement offer raised $189.5m at the same price.
CEU Price at posting:
48.3¢ Sentiment: Buy Disclosure: Held