Mapletree unit launches combo equity deal

Mapletree Commercial Trust raises S$529 million from a private placement of new units and is seeking another S$504 million from a preferential offering next month.

Mapletree unit launches combo equity deal

Singapore-listed Mapletree Commercial Trust is planning to raise S$1 billion $751 million from a pair of equity offerings, taking advantage of investors' desire for a safe yield play.

The trust turned to a mix of new and old investors for its latest capital-raising, closing a private placement of 364.8 million new investment units and launching a non-renounceable preferential offering of 362.8 million investment units to existing unitholders.

The rights portion...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS