S-Reits fund latest acquisitions with S$779m share sales

singapore px230
By John Loh
10 May 2018

A pair of Singapore Reits came to the equity market this week to raise funds for acquisitions, pocketing S$779.1m ($581.0m) between them.

Frasers Logistics & Industrial Trust went with an accelerated bookbuild and rights issue combo that was initially launched at S$480m on Wednesday evening through global co-ordinators Bank of America Merrill Lynch, Citi and DBS.

The private placement offered between 333.2m and 345.8m new units at S$0.962 and S$0.987 ...

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