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ESR REIT preferential offering 3.6 times subscribed, raises $49.6 mil

Atiqah Mokhtar
Atiqah Mokhtar8/24/2021 08:03 AM GMT+08  • 2 min read
ESR REIT preferential offering 3.6 times subscribed, raises $49.6 mil
The preferential offering follows a private placement in May which raised $100 million.
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The manager of ESR REIT has announced the completion of its preferential offering which saw approximately 124.1 million new units issued at 40 cents per unit, raising $49.6 million.

The preferential offering follows a private placement which raised $100 million in May, resulting in total equity fund raising gross proceeds of $149.6 million.

The preferential offering price of 40 cents represents a discount of some 9.2% to the volume weighted average price of 44.03 cents per unit on July 26.

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