The Business Times
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Published Tue, Feb 6, 2018 · 09:50 PM

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Ascendas India Trust

A PRIVATE placement for Ascendas India Trust (a-iTrust) has been oversubscribed, said its trustee manager. The placement was about two times covered and the number of new units to be issued has been raised from 73 million to 97.4 million.

Based on the issue price of S$1.027 - a discount of 7 per cent to the volume-weighted average price of units traded on Feb 5 - the total proceeds raised has increased from about S$75 million to about S$100 million. This will be used to repay a bridging loan and existing debts.

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