SPH Reit wraps up S$162m share placement

Singapore adobe stock AS 230x150
By Jonathan Breen
25 Nov 2019

SPH Real Estate Investment Trust has bagged S$161.5m ($118.4m) after issuing a chunk of new stock.

Bookrunners and underwriters Credit Suisse, HSBC and OCBC ran a one-day bookbuild for the sale, marketing 156.6m of the Singapore-listed primary units to investors, 

The trio offered the stock at S$1.031 to S$1.075 per unit. The range represented a 3.2% to 7.2% discount to the Reit’s volume-weighted average ...

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