The issue price represents a discount of 2.9% to the volume weighted average price (VWAP) of $1.6989 per unit for all trades done on March 29, the day before the placement agreement was signed.
Mapletree Logistics Trust (SGX:M44U
) has raised some $200.0 million in total gross proceeds after its private placement was 3.9 times subscribed with the issue price fixed at $1.649 per unit.
A total of 121.3 million new units will be issued under the private placement.
