Keppel REIT to Raise SG$886 Million Through Preferential Offering

MT Newswires12-11

Keppel REIT (SGX:K71U) plans to raise about SG$886.3 million through the launch of an underwritten non-renounceable preferential offering at SG$0.96 per unit, according to a Thursday filing with the Singapore Exchange.

Proceeds raised will be used to finance the acquisition of an additional interest in the Marina Bay Financial Centre Tower 3.

DBS Bank, Oversea-Chinese Bank and United Overseas Bank were appointed as joint bookrunners and joint underwriters for the offering

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