Mapletree Commercial Makes S$902.3 Million Equity Raise

News about Mapletree Commercial Trust

Mapletree Commercial Trust is raising equity to fund the acquisition of Mapletree Business City (phase 2) buy issuing 406.5 million new units, with:

  • A private placement of S$200.9 million, at $2.24 to $2.28 per share
  • A public right issue, with the option to buy up to 71 new units for every 1,000 held, at a price of $2.20 to $2.24 per new unit

The public preferential offering will be open from October 30 to November 7 at 5pm.

Mapletree Commercial Trust
Price1.970 SGD
NAV1.750 SGD
Yield (4 quarters)2.89%
Gearing33.7%