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Frasers Commercial Trust prices upsized S$100m placement of units at top end of S$1.48
Published Wed, Jan 24, 2018 · 09:50 PM
Singapore
FRASERS Commercial Trust (FCOT) has priced an upsized S$100 million placement of units at S$1.48 apiece, the top end of its indicated price range.
The commercial property landlord had planned to issue at least S$80 million of units between S$1.44 and S$1.48 per unit, with an over-allotment option of at least S$17.8 million. DBS bank and Merrill Lynch (Singapore) were joint book runners for the private placement.
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