MCT prices placement units at rich end of price range on strong demand

Singapore

MAPLETREE Commercial Trust (MCT) has priced a S$458 million overnight placement of new units at S$2.28 per unit to cover the rich end of initial indications.

Price talk was at a range of S$2.24 to S$2.28 per unit for the deal, which was launched on Wednesday. According to MCT, the private placement was about seven times covered, and saw strong participation from new and existing investors.