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CCT raises $220 mil from private placement for Frankfurt office acquisition

PC Lee
PC Lee7/18/2019 07:55 AM GMT+08  • 1 min read
CCT raises $220 mil from private placement for Frankfurt office acquisition
SINGAPORE (July 18): CapitaLand Commercial Trust has closed the book of orders for the private placement agreement signed and launched on Wednesday.
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SINGAPORE (July 18): CapitaLand Commercial Trust has closed the book of orders for the private placement agreement signed and launched on Wednesday.

CCT’s manager says the placement managed to raise $220 million from the issue of some 105 million new units at $2.095 each.

The issue price represents a discount of 3.7% to the volume weighted average price (VWAP) of $2.1762 per unit for trades done on Wednesday.

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