Suntec Reit launches S$150m unit sale

Singapore adobe stock AS 230x150
By Jonathan Breen
24 Apr 2019

Suntec Real Estate Investment Trust (Reit) is looking to raise S$150m ($110.4m) from a placement of new units, according to a term sheet seen by GlobalCapital Asia.

The trust flagged the deal after Singapore markets closed on Wednesday hawking 84.7m new units at S$1.77-S$1.81, equal to 3.1% of its outstanding stock. Suntec has also given the underwriters an option to increase the offer by an additional 28.2m units — S$51m at the top of guidance.

...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.