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.