Home THE DAILY EDGE Business Centrepoint Trust to raise up to $182m, term sheet says
Centrepoint Trust to raise up to $182m, term sheet says

Tags: Citigroup Inc. | Dbs Group Holdings | Frasers Centrepoint Trust

Written by Bloomberg   
Tuesday, 26 January 2010 16:28
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Frasers Centrepoint Trust plans to raise as much as $182.2 million selling equity to fund the purchase of two suburban shopping malls, according to a term sheet sent to investors.
 
The Singapore-based shopping mall operator is selling 137 million new shares at $1.29 to $1.33 apiece, according to the document, a copy of which was obtained by Bloomberg News.
 
Citigroup Inc. and DBS Group Holdings are managing the sale. Frasers Centrepoint shares were suspended today in Singapore. The stock slipped 2.1% yesterday to $1.40.
 
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Centrepoint Trust to raise up to $182m, term sheet says
Tuesday, 26 January 2010

Last Updated on Tuesday, 26 January 2010 16:29