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Mapletree Logistics Trust prices S$375m placement offer at S$1.21 apiece

Placement about 2.4 times covered; counter closes at S$1.24, down S$0.02 after announcement

Published Thu, Sep 20, 2018 · 09:50 PM

Singapore

MAPLETREE Logistics Trust (MLT) has completed a private placement that was launched on Wednesday and will issue about 309.9 million new units at an issue price of S$1.21 apiece to raise S$375 million, the trust said in a Singapore Exchange (SGX) filing on Thursday.

The pricing was nearer the lower end of a book building range of be…