DBS Bank, The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, (HSBC Singapore), Oversea-Chinese Banking Corporation Limited (OCBC), RHB Bank Singapore and United Overseas Bank (SGX:U11
) Limited (UOB) were appointed as the joint lead managers, bookrunners and underwriters.
Keppel Infrastructure Trust (KIT) will be launching a private placement of between 456.6 million and 469.5 million new units to raise gross proceeds of at least $200 million. The units will be issued to eligible institutional and other investors at an issue price range of between 42.6 cents and 43.8 cents per placement unit. The range represents 6% to 8.6% to the volume weighted average price (VWAP) of 46.62 cents per unit of all trades conducted on Aug 26.
The issue price will be determined by the joint lead managers, bookrunners and underwriters after a book-building process.
