FCT raises $421.3m in oversubscribed equity fundraising activity

The upsized private placement was 4 times subscribed.

Frasers Centrepoint Trust raised $421.3m from its oversubscribed equity fundraising exercise.

In a bourse filing, the Trust said it increased its equity fundraising by $220m after its initial private placement offering drew strong demand.

The upsized private placement was 4 times subscribed, with the company intending to use the gross proceeds to repay existing debts and pay professional fees incurred with the fundraising.

The REIT priced its private placement units at $2.090.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia