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

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.