Capitaland Integrated Commercial Trust (CICT) on Tuesday announced a proposed launch of over 237.5 million new units to raise gross proceeds of around S$500 million, with a minimum offering price of S$2.105.
The issue price range between S$2.105 and S$2.142 per new unit.
CICT said that it intends to use around S$466.5 million or 93.3% of these proceeds to finance the proposed S$1 billion acquisition of the remaining 55 % interest in the office and retail component of CapitaSpring, located at 86 and 88 Market Street.
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