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Keppel Reit on Friday announced that it has successfully raised
gross proceeds of S$119.7 million in an issuance of 95 million new
units to institutional and other investors - KEPPEL CORP
Keppel Reit on Friday announced that it has successfully raised
gross proceeds of S$119.7 million in an issuance of 95 million new units
to institutional and other investors.
The money raised will be used to buy a 50-per-cent stake in 8 Exhibition Street, a property in Melbourne, Australia, it said, confirming an earlier online report from BT.
The issue price of S$1.26 per unit carried a 2.58 per cent discount to its adjusted volume weighted average price of S$1.2934 for trades done on Thursday.
DBS Bank Ltd is Keppel Reit's placement agent.
The money raised will be used to buy a 50-per-cent stake in 8 Exhibition Street, a property in Melbourne, Australia, it said, confirming an earlier online report from BT.
The issue price of S$1.26 per unit carried a 2.58 per cent discount to its adjusted volume weighted average price of S$1.2934 for trades done on Thursday.
DBS Bank Ltd is Keppel Reit's placement agent.
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