Mapletree Logistics nets $274m from follow-on

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By John Loh
20 Sep 2018

Mapletree Logistics Trust sealed its second overnight fundraising for the year and its largest follow-on offering in a decade on Wednesday, bagging S$375m ($274m) to acquire properties in Singapore.

The logistics-focused Singapore real estate investment trust launched the capital increase through a five-strong syndicate, with BNP Paribas, Citi, DBS, HSBC and Goldman Sachs enlisted as global co-ordinators.

The launch terms included a S$1.196 to S$1.234 per unit marketing range, which offered a discount of 0.5% to 3.5% ...

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