ANZ, Citigroup execs defend book coverage despite receding demand in $2.5B capital raising

Trials 2023-04-27 11:57 pm By Sam Matthews | Melbourne

Two executives involved in ANZ’s $2.5 billion equity capital raising have stood by arguments that the book was covered when the bank’s underwriters took up $750 million of the shares, despite ASIC’s allegations of “receding demand” on the day of the placement.