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Keppel DC REIT's upsized private placement 3.4 times covered

The Edge Singapore
The Edge Singapore  • 1 min read
Keppel DC REIT's upsized private placement 3.4 times covered
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Keppel DC REIT's private placement to raise new funds for its latest acquisitions has been 3.4 times covered, with the majority of the demand from "long-only investors and real estate specialists."

 

The size of the placement has been increased from $985 million to just over $1.08 billion as the upsize option was exercised. 

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