Prime US Reit boosts placement to $120m

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By Jonathan Breen
13 Feb 2020

Singapore-listed Prime US Real Estate Investment Trust (Reit) raised $120m after a rush of demand led it to increase the size of its placement.

The Reit, managed by KBS US Prime Property Management, came on Wednesday to raise capital to help its acquisition of a US-based property.

The issuer took a hands-on approach, speaking to investors directly in the morning on Wednesday. Around 12pm, the joint lead managers and underwriters Credit Suisse ...

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