You are here

Suntec Reit raising $341m to repay debt

But analysts not ruling out imminent acquisitions

SUNTEC Reit is issuing 218.1 million new units at $1.605 apiece in a private placement.The move will increase the unit base by 9.7 per cent. Analysts say this will dilute distributions per unit by 3.9-8.4 per cent from FY14 to FY16.Although the Reit said the $341.4 million in net proceeds raised

sentifi.com

Market voices on:

Powered by GET.comGetCom