The manager of Keppel REIT says it has proposed a private placement of between 235.6 million and 242.8 million new units at an issue price of between $1.112 and $1.146 per new unit.

The total sum will total some $270.0 million in gross proceeds.

On Feb 18, the manager, DBS Bank, Citigroup Global Markets and BNP Paribas Singapore, who are the joint lead managers and underwriters, entered into a placement agreement in relation to the private placement.

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