Suntec REIT (T82U.SG) down 1.4% at $1.41 after it places 313 million units at $1.37 each to part fund MBFC stake buy; CIMB notes placement price at top end of indicative $1.34-$1.38 range flagged Monday, though below house’s $1.42 assumption, but says limited DPU impact from lower placement price.

“With the share price having pulled back by 7% since November 9 owing to the overhang from the impending placement, the placement price of $1.37 represents only a small discount (around 4%) to VWAP done on the previous trading day.”