Mapletree Industrial Trust's private placement of 190.3m units at S$2.696 apiece 3.1 times subscribed
Most of proceeds will go to its intended US$1.32b acquisition of 29 data centres in the US
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Singapore
MAPLETREE Industrial Trust (MIT)'s private placement of 190.3 million new units was fixed at the top end of the price range and was around 3.1 times covered, its manager said on Friday.
Most of the proceeds raised with this private placement, as well as a preferential offering, will be used to partially finance MIT's intended US$1.32 billion acquisition of 29 data centres in the United States, as announced on Thursday.
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