Frasers Commercial Trust prices upsized S$100m placement of units at top end of S$1.48

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.