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MLT’s private placement closes at S$1.649 per unit; analysts positive on new acquisitions

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Jessie Lim

Jessie Lim

Published Fri, Mar 31, 2023 · 08:57 AM
    • A total of 121,285,000 new units is being issued to raise S$200 million in gross proceeds. 
    • A total of 121,285,000 new units is being issued to raise S$200 million in gross proceeds.  PHOTO: BT FILE

    MAPLETREE Logistics Trust (MLT) has closed its private placement at S$1.649 per unit, at the highest end of the price range it proposed when it launched the placement exercise on Thursday (Mar 30). 

    The new units are expected to be issued on or around Apr 11, said its manager on Friday. 

    The issue price of S$1.649 represents a 1.5 per cent discount to MLT’s adjusted volume-weighted average price of S$1.6739 per unit. A total of 121,285,000 new units will be issued to raise S$200 million in gross proceeds. 

    mapletree logistics trustReitsprivate placement

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