Frasers Centrepoint nets $419m via primary placement

By Jonathan Breen
29 Sep 2020

Frasers Centrepoint Trust, a real estate investment trust (Reit), raised S$575m ($419.1m) on Monday evening from a sale of new units.

Citi, DBS and OCBC kicked off an accelerated bookbuild at around 3.30pm in Singapore, marketing an offer of anywhere between 236.1m to 244.7m primary units. The shares were on sale at between S$2.35 and S$2.44, giving investors a potential 3.4% to 6.7% discount to the Reit’s Friday close ...

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