MLT prices new units at top of range on strong demand

Singapore

MAPLETREE Logistics Trust's private placement drew strong investor demand, with the issue subscribed by over 13 times.

This allows the Reit to price the issue at the top end of an indicative pricing range from S$1.579 to S$1.617. At S$1.617, the new units are priced at a discount of around 3.1 per cent to the volume-weighted average price of S$1.6685 per unit for all trades done on Oct 21 before the placement agreement was signed on Oct 22.