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.

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