Aims Amp announced that they are going to do a right’s issue to the tune of $100 mil. This is the their first rights issue since 2010. You can read more here. Its really not a lot of money actually. Why are they doing this rights issue now? Their average cost of debt is rather expensive at 4% but its still much cheaper than equity cost, which is around 7.6%. Rights issue usually are done taking advantage of rising asset prices, a lot of the time above NAV, and they really should do it in the June period last year when its at the highest. I am rather lazy to right on this but since I haven’t have a mental exercise for sometime so I just did it just in case my brain degenerates further. It’s a good thing I have my trusty rights issue or placement calculator ......