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Ascendas REIT to raise $1.2 bil through equity fund raising

Felicia Tan
Felicia Tan11/10/2020 09:04 AM GMT+08  • 2 min read
Ascendas REIT to raise $1.2 bil through equity fund raising
The issue price range for each preferential offering new unit will be between $2.960 and $3.050.
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Ascendas REIT, on Nov 10, announced that it will be launching an equity fund raising to raise gross proceeds of some $1.2 billion through a private placement of between 256,329,000 and 264,376,000 new units with an issue price range of between $3.026 and $3.121 for each private placement new unit.

The issue price range for each preferential offering new unit will be between $2.960 and $3.050.

The private placement issue price range represents a discount of about 2.8% and 5.7% to the volume weighted average price (VWAP) of $3.2096 per unit of all trades in the units on the SGX-ST for the preceding market day on Nov 9.

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