CapitaLand Integrated Commercial Trust (SGX:C38U) raised around SG$750 million through a private placement, according to a Tuesday filing with the Singapore Exchange.
The placement was upsized from SG$600 million and was 4.8 times covered, while the issue price was fixed at SG$2.30 per unit.
Proceeds raised from the exercise will be used to partially finance the acquisition of a property named Paragon.
Meanwhile, trading of the new units is expected to commence on April 29.
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