The placement - which will account for up to 95.2% of the total targeted amount - saw strong demand from investors who were keen to tap into the REIT following its S$877.7 million $556 million high profile and yield accretive acquisition of a 40% stake in Raffle City. The price was fixed at S$2.30 - close to the top end of the S$2.23 to S$2.32 indicated range, according to a source familiar with the transaction.
Given that there was virtually...
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