Keppel DC REIT launched its preferential offering of 148.4 million new units, priced at $2.03 each.
The non-renounceable preferential offering, on the basis of 86 new units for every 1,000 existing units, opened on 2 December and will close on 10 December.
The offering is part of the REIT’s equity fundraising to raise gross proceeds of approximately $1.1b.
The exercise also includes a private placement of 334.9 million private placement units priced at $2.09 apiece which closed on 20 November, and the issuance of 40.67 million sponsor subscription units.
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