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.