YEREVAN, October 20. / ARKA /. The Australian federal government could reap over $5 billion from the privatisation of Medibank Private, according to its prospectus, vestifinance.ru reported.

At the indicative price range, the indicative market capitalisation of Medibank Private would be between $4.269bn and $5.508bn, placing it among the top 100 companies on the ASX.
Analysts had estimated the sale would raise at least $4 billion.

The prospectus predicts a pro-forma net profit of $258.2 million in fiscal 2015, with a full-franked dividend of 4.9c per share eyed for the seven months to June 30.

Categories: Bonds.am @en @en, General news, News, News of the hour | Comments Off on Australian federal government getting ready for largest privatization since 1997

Tags: Australia, government, IPO

Read more

The Australian central bank on Tuesday cut rates for the eighth time in less than two years in a bid to improve sluggish growth as a boom in mining investment over the past decade comes to an end, Reuters reported

Categories: Banks @en, Bonds.am @en @en, News | Comments Off on Australian Central Bank cuts key rate to record low

Tags: Australia, Central Bank, RATE

Read more