Duet completes placement

The $100 million placement will be used to build a domestic gas pipeline in a deal with Chevron.

Duet Group (DUE)has completed its $100 million placement to fund its deal with Chevron Australia to build, own and operate the domestic gas pipeline for the Chevron-operated Wheatstone project.

The placement was oversubscribed with a price of $2.06 per new stapled security, which is two cents below Duet's last close at $2.08 on Friday. 48.5 million securities were issued.

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