QAN 2.50% $7.03 qantas airways limited

Underwriters off the hook - up she goes

  1. 6,975 Posts.
    G'day folks,

    Somebody posted here last week that if the DOW spent two consecutive days below 8000 then the underwiters of QAN's rights issue could walk away. If this is correct (can anyone confirm) the trigger has occured which should be very positive for QAN's share price because, (a) there will not be any overhang and (b) any underwriters that had sold stock in anticipation could now be light on weighting.

    What of QAN's need for funds? well they will end up with a significant proportion and they can come back for another nibble further down the track.

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