Sydney Airport in trading halt over capital raising

Sydney Airport (SYD) shares have been placed in a trading halt, pending a release to the market regarding a capital raising.

In a statement to the Australian Securities Exchange, Sydney Airport requested the halt, effective immediately, to last until the commencement of trade tomorrow.

"The trading halt is requested pending an announcement by Sydney Airport of a proposed capital raising by way of an institutional bookbuild that will commence today."

The ASX granted Sydney Airport's trading halt.