Mapletree Industrial taps 'herd', sells $148m of new units

Singapore-listed Mapletree Industrial Trust (MIT) has bagged S$201m ($147.9m) after upsizing an overnight unit placement on the back of strong early demand.

  • By Jonathan Breen
  • 12 Feb 2019

The issuer launched an offer of 90.4m new units on Monday evening, targeting proceeds of up S$175m to help refinance its acquisition of a Singapore property earlier this month. The deal also included a 14% greenshoe.

Sole bookrunner and underwriter DBS had a price range of S$1.935 to ...

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