Keppel DC Reit nets S$235m from stock issue

By Jonathan Breen
17 Sep 2019

Keppel DC Real Estate Investment Trust priced a placement of new units at the top of guidance, raising S$235.4m ($171.3m) for the purchase of two data centres in Singapore.

Credit Suisse, Citi and DBS ran an accelerated bookbuild for the deal on Monday. Keppel DC was offering 135m primary units, or 9.1% of its enlarged equity capital, at S$1.703 to S$1.744 apiece.

The range gave the deal a size of S$229.9m to S$235.4m, while enticing investors ...

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