Barely a year after CapitaLand Ascott Trust (CLAS) raised $170 million via a private placement, its managers announced an equity fund raising (EFR) to raise $300 million on August 2. Last year’s $170 million was priced at $1.12.

This year, the EFR comprises $200 million in a private placement and $100 million in a preferential EFR. The guide price for the private placement is $1.041 to $1.065 per new stapled security; the pricing for the preferential new stapled security is likely to be in the $1.025 to $1.044 range.