Keppel Infra Trust bags $370m from upsized fundraise

Singapore adobe stock AS 230x150
By Jonathan Breen
15 Mar 2019

Keppel Infrastructure Trust (KIT) has raised S$500.8m ($369.8m) after more than doubling the size of an equity fundraising and trimming a concurrent private placement.

Joint bookrunners Credit Suisse, DBS, HSBC and United Overseas Bank (UOB) launched bookbuilding for the transaction on Thursday morning, marketing 340.1m new units, or 7% of KIT’s enlarged equity capital. The stock was offered with a fixed price of S$0.441 per unit, coming at a 9.1% discount to ...

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