SP AusNet to raise capital, shares halted

PERTH, May 12 (Reuters) - Australian infrastructure firm SP AusNet (SPN.AX) plans to raise capital from institutional and retail investors, the company said in a statement on Tuesday.

SP AusNet (SPAU.SI), 51 percent owned by state-owned utility Singapore Power, halted trading in its shares to undertake the raising. SP Ausnet is also scheduled to release its earnings on Tuesday.

SP AusNet last week said it has raised A$275 million in 3-year loans to refinance debt and fund capital expenditures [ID:SYD450591]. (Reporting by Fayen Wong)