CapitaLand Malaysia Trust to Raise Equity to Reduce Debt

News about CapitaLand Malaysia Trust

CapitaLand Malaysia Trust wants to issue RM250 million in a private placement offering in order repay bank loans:

The exercise involves the issuance of up to 435.4 million new units, or approximately 14.9% of its total issued units. The new units will be offered to its sponsors and institutional investors, including the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan Diperbadankan (KWAP), with the final issue price to be determined via a bookbuilding exercise.

CapitaLand Malaysia Trust
Price0.635 MYR
NAV0.974 MYR
Yield (4 quarters)7.32%
Gearing41.5%