Brief: Frasers Centrepoint Trust Announces Equity Fund Raising Of Around At Least S$1,327.3 Mln

Frasers Centrepoint Trust

28/09/2020 09:14

Sept 28 (Reuters) - Frasers Centrepoint Trust  FCRT.SI :
    * LAUNCHES EQUITY FUND RAISING OF AROUND AT LEAST S$1,327.3
MILLION
    * ISSUE PRICE RANGE BETWEEN S$2.350 & S$2.435 FOR EACH
PRIVATE
PLACEMENT UNIT
    * EQUITY FUND RAISING WILL NOT RAISE GROSS PROCEEDS IN
EXCESS OF
ABOUT S$1,444.4 MILLION
    * PROPOSES PRIVATE PLACEMENT OF BETWEEN 236.1 MILLION TO
244.7
MILLION NEW UNITS TO RAISE S$575 MILLION
    * INTENDS TO USE S$1,017.7 MILLION (NOT S$1,057.4 MILLION)OF
PROCEEDS TO PAY FRASERS PROPERTY INVESTMENTS (BERMUDA) FOR ARF
PURCHASE

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ83MC60
Further company coverage:  FCRT.SI 

 ((Reuters.Briefs@thomsonreuters.com;))