Second time lucky for Sembcorp

With Deutsche Bank as lead manager, a 186 million primary share deal was priced after New York's open last night (Thursday) at S$1.62 and saw the immediate exercise of a 27.9 million share greenshoe. Pricing represented a 3.5% discount to the stock's S$1.68 close (Wednesday) before it was suspended, but the addition of a warrants offer increased the effective discount to 6.32%.