Singapore's ESR-REIT launches equity offering to raise up to $109m

Singapore's ESR-REIT launches equity offering to raise up to $109m

120 Pioneer Road, ESR-REIT

Singapore-listed ESR-REIT has launched a private placement of approximately 195.0 million new units to raise gross proceeds of between S$75 million ($54.71 million) and S$100 million ($72.94 million), subject to an upsize option.

The private placement issue price range of S$0.515 to S$0.525 represents a discount of 6.5-8.3 per cent to the volume weighted average price (VWAP) of S$0.5616 per unit of all trades in the units on the preceding market day on Friday, June 14.

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