KReit placement at S$1.13 a unit works out to higher DPU accretion for Keppel Bay Tower acquisition: analysts

Source:

The Business Times

This comes after its manager’s proposal on Feb 18 of a private placement of between 235.6 million and 242.8 million new units, at an issue price of between S$1.112 and S$1.146.

The issue price of S$1.13 represents a 4.1 per cent discount to the real estate investment trust’s (Reit) volume-weighted average price of S$1.1783 for all trades done on Feb 17.

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