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.


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