Keppel Infra Trust to raise S$450m through placement, preferential offer

Singapore

KEPPEL Infrastructure Trust (KIT) will raise S$450 million through a placement and a non-renounceable underwritten preferential offering of new units, its manager announced in a regulatory filing on Thursday.

About S$440.3 million of the proceeds will be used to partially repay a loan facility taken for the A$770 million (S$737.6 million) acquisition of Ixom HoldCo, a water treatment chemicals distributor, said …