Manulife US Reit raises US$142.7m from placement, preferential offering

Singapore

MANULIFE US Reit's private placement and preferential offering have netted gross proceeds of about US$142.7 million after both priced in at the top end of their issue price range.

The pure-play US office Reit had planned to raise US$142.1 million from the equity fundraising for its latest acquisition.