Keppel DC REIT Launches Preferential Offering to Raise SG$405 Million
MT Newswires09-25
Keppel DC REIT (SGX:AJBU) launched a non-renounceable preferential offering of 180.6 million units at an issue price of SG$2.24 per unit to raise around SG$404.5 million, according to a Thursday filing with the Singapore Exchange.
The issue price represents a 5.2% discount to the volume weighted average price of SG$2.3622 per unit.
DBS Bank, Oversea-Chinese Bank Corp. (SGX:O39) and United Overseas Bank (SGX:U11) were appointed as joint bookrunners and joint underwriters for the offering.
Proceeds from the offering will be used to finance the acquisition of a data center in Tokyo, Japan and for asset enhancement initiatives, along with the financing of the cost for the lease extension of Keppel DC Singapore 1.
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