The private placement price is likely to be at $2.074 to $2.128 per unit, or 1.5% to 4% discount to adjusted volume-weighted average price (VWAP); the preferential offering's price range is expected to be $2.03 to $2.08 per unit, or a 3.7% to 6.1% discount to VWAP.
To fund Keppel DC REIT's (KDC) proposed acquisition of interests in two data centre buildings, SGP KDC 7 and SGP KDC 8, located at 82 Genting Lane, KDC's manager has announced the launch of an equity fund raising (EFR) of almost $1 billion.
The EFR comprises a private placement of no less than approximately $600.0 million; a preferential offer comprising $300 million, and the sponsor's subscription of $85 million.
