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IReit Global raises S$142.8m in rights issue

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Fiona Lam

Fiona Lam

Published Tue, Oct 20, 2020 · 09:50 PM

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IREIT Global has raised S$142.8 million in a rights issue to finance the acquisition of a 60 per cent interest in some properties in Spain and to repay a loan from City Developments (CDL).

The renounceable, non-underwritten rights issue was done on the basis of 454 units for every 1,000 units held, at an issue price of S$0.49 apiece.

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