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Frasers Centrepoint Trust in equity fund raising for at least $422 mil

Samantha Chiew
Samantha Chiew5/16/2019 04:20 PM GMT+08  • 2 min read
Frasers Centrepoint Trust in equity fund raising for at least $422 mil
SINGAPORE (May 16): The manager of Frasers Centrepoint Trust (FCT) has proposed an equity fund raising to raise gross proceeds of no less than $421.7 million.
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SINGAPORE (May 16): The manager of Frasers Centrepoint Trust (FCT) has proposed an equity fund raising to raise gross proceeds of no less than $421.7 million.

As part of the fund raising, the trust will be issuing a private placement of 135.7 million new units at an issue price of between $2.30 and $2.382 per unit which has an upsize option to raise gross proceeds of up to $369.6 million.

There is also a pro rata and non-renounceable preferential offering of up to 48.3 million new units at an issue price of between $2.270 and $2.352 to raise gross proceeds of at least around $65.4 million.

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