A-Reit prices new equity deal

A-Reit returns to the equity markets for a second time in 2005.

Singapore-listed A-Reit priced a 112.67 million unit deal yesterday September 20, potentially raising S$240 million $142.66 million from the Citigroup-led transaction.

The equity issue has three components, of which the main one is a one-for-20 preference share deal for existing investors. This comprises a 64.5 million unit offering and will run from Friday through to the following Thursday, with allocations made public on October 3.

Alongside the preference share tranche, there has been a 37.3 million unit placement to institutions, which took place after yesterday's close in Singapore. Finally, 10.8 million units have been issued to Techview, the vehicle through which one of the group's two...

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