Ascendas Reit targets S$1.2bn from equity market

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By Jonathan Breen
10 Nov 2020

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 ...

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