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Keppel REIT proposed private placement 4.6 times covered, fixed issue price at $1.13

Felicia Tan
Felicia Tan2/19/2021 08:16 AM GMT+08  • 1 min read
Keppel REIT proposed private placement 4.6 times covered, fixed issue price at $1.13
The trading of the new units are expected to begin at 9am on March 1.
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The manager of Keppel REIT has closed the book of orders for the proposed private placement on Feb 18.

See: Keppel REIT seeks to raise $270.0 mil through proposed private placement of up to 242.8 mil new units

The private placement was about 4.6 times covered and saw “strong participation from new and existing institutional, accredited and other investors”.

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