‘The book was covered’: ANZ fights ‘entirely novel’ ASIC case over $2.5B share placement

Trials 2023-04-26 11:18 pm By Sam Matthews | Melbourne

ANZ has told a court it had no obligation to disclose a $750M bailout by the underwriters of a $2.5B equity capital raising in 2015, in ASIC’s case alleging the bank breached its continuous disclosure obligations by failing to alert the market to the bailout.