Mapletree Industrial Trust Makes S$175M Private Placement

News about Mapletree Industrial Trust

Mapletree Industrial Trust is planning to issue 90.44 million new units to raise at least S$175 million

The new units will be placed to eligible institutional, accredited and other investors at an issue price of between S$1.935 and S$1.990 per new unit. The price range represents a discount of between 4.65 per cent and 1.94 per cent, respectively, to the volume-weighted average price of S$2.0293 per unit of all trades on Feb 11.

The trust mostly plans to use the fund to refinance the acquisition the property of 18 Tai Seng Street.

Mapletree Industrial Trust
Price2.510 SGD
NAV1.550 SGD
Yield (4 quarters)4.93%
Gearing29.2%