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KReit placement at S$1.13 a unit works out to higher DPU accretion for Keppel Bay Tower acquisition: analysts

Published Sat, Feb 20, 2021 · 05:50 AM
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Singapore

KEPPEL Reit's (KReit) private placement has been priced at S$1.13 per new unit, about midway in its indicative range.

This comes after its manager's proposal on Feb 18 of a private placement of between 235.6 million and 242.8 million new units, at an issue price of between S$1.112 and S$1.146.

KEYWORDS IN THIS ARTICLE

private placement
S-Reits

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