On April 18, KIT announced that it seeks to raise around $125.0 million via a private placement of between 262.1 million and 269.4 million new units to institutional and other investors. Each placement unit has an issue price range of between 46.4 cents and 47.7 cents. The private placement seeks to raise $125 million in gross proceeds.
Keppel Infrastructure Trust (KIT) (SGX:A7RU
) is seeking to raise $240 million via a private placement and preferential offering.
Its unitholders had approved the resolutions to issue new units in KIT via these means at the trust’s extraordinary general meeting (EGM) on April 17.
