The private placement issue price range represents a discount of about 2.8% and 5.7% to the volume weighted average price (VWAP) of $3.2096 per unit of all trades in the units on the SGX-ST for the preceding market day on Nov 9.
Ascendas REIT, on Nov 10, announced that it will be launching an equity fund raising to raise gross proceeds of some $1.2 billion through a private placement of between 256,329,000 and 264,376,000 new units with an issue price range of between $3.026 and $3.121 for each private placement new unit.
The issue price range for each preferential offering new unit will be between $2.960 and $3.050.
