New Keppel REIT units commence trading on SGX

It has successfully raised $113m through a private placement.

Keppel REIT has listed and commenced the trading of 114,954,000 new units on the Singapore Exchange, issued via a private placement.

The placement successfully raised $113m in gross proceeds to partially fund the acquisition of a Sydney mall. The issue price was $0.983 per unit.

The newly issued units rank equally with all existing units in all respects, excluding the trust's recent advanced distribution, which they are not entitled to.

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