A total of 171.7 million units will be issued under the private placement.
CapitaLand Integrated Commercial Trust’s (CICT) private placement was approximately 3.7 times covered after its book of orders were closed. The issue price per private placement was also fixed at $2.04.
The price represents a 4.4% discount to the volume weighted average price (VWAP) of $2.1338 per unit for all trades in CICT on Sept 2. It represents a 3.4% discount to the adjusted VWAP of $2.1122 per unit.
