Frasers Centrepoint Trust (SGX:J69U), through its manager and underwriters, agreed to increase the issue size of the private placement by about SG$20 million, taking the amount of the equity fund raising to roughly SG$421.3 million.
The private placement was 4.0 times covered including the upsize option and 4.4 times covered excluding the upsize option, according to a filing with the Singapore Exchange on Wednesday.
The issue price per unit has been fixed at SG$2.09 per private placement unit while the issue price per preferential offering unit has been fixed at SG$2.05 per unit.
Trading of the private placement units is expected to commence on April 4.
Shares of the trust were down over 2% in recent trading.
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