Keppel DC REIT closes preferential offering with 79.4% excess applications

The REIT received 117.7 million excess applications.

Keppel DC REIT received valid acceptances and excess applications for a total of 237.3 million preferential offering units in its offering which closed on 10 December.

In a bourse filing, the REIT reported that the 119.5 million valid acceptances represent 80.5% of the total units offered.

Meanwhile, the 117.7 million excess applications account for 79.4% of the total. Overall, the preferential offering was approximately 159.9% subscribed.

Keppel DC REIT will allocate the 28.8 million preferential offering units "not validly accepted or not taken up" to satisfy excess applications.

In addition, a total of 148.4 million preferential offering new units will be issued at the issue price of S$2.03 per unit to raise gross proceeds of approximately $301.3m.

The preferential offering units are expected to be listed on the mainboard of the SGX-ST with effect from 9.00 a.m. on 18 December.

Follow the link for more news on

Keppel DC REIT

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

Top News

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

10 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

14 hours ago

Nearly half of workers report six or more unpaid hours a week, report says