GC
Ascendas Reit targets S$1.2bn from equity market
Ascendas Real Estate Investment Trust has launched an offering of new shares, eyeing S$1.2bn ($891.6m) to fund acquisitions across the US, Europe and Asia Pacific.
The Reit hit the market on Tuesday morning in Singapore after suspending trading in its units. It is aiming to raise S$800m through a placement of new units and the balance from a rights issue.
DBS and JP Morgan, the global co-ordinators and bookrunners, are offering between 256.3m ...Already a subscriber? Login
