Banks Are at Forefront of Australia’s Share-Sale Boom

Australian banks are topping up share sales in a rush to bolster their capital, lifting additional offerings in the nation to their highest level in four years.

Companies and shareholders have raised $16 billion through additional offerings this year, the highest since 2015, according to data compiled by Bloomberg. With a few weeks to go before year end, another $800 million of proceeds would bring the 2019 tally to a 10-year high.