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Reuters
Reuters
Business

Australia's Macquarie raises minimum A$1 billion targeted in bookbuild - sources

FILE PHOTO: The logo of Australia's biggest investment bank Macquarie Group Ltd adorns the main entrance to their Sydney office headquarters in Australia, October 28, 2016. REUTERS/David Gray/File Photo

(Reuters) - Australian investment bank Macquarie Group Ltd <MQG.AX> has met its minimum capital raising of A$1 billion ($675.40 million), two sources said on Wednesday.

The offer will be priced between A$118 and A$123.50 per share and is open until 5pm Sydney time for domestic investors. The transaction will remain open Wednesday night for European and U.S. investors and the final price and amount raised will be announced by the bank on Thursday.

(Reporting by Scott Murdoch; Editing by Michael Perry)

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