S'pore's First Reit to raise up to US$25m via placement

Published November 15, 2012
S'pore's First Reit to raise up to US$25m via placement

First REIT units, which are suspended from trading, were last transacted at S$0.985, down 1.5 per cent. The trust is sponsored by Indonesia's Lippo Karawaci : PHOTO  - REUTERS

SINGAPORE - Singapore's First Real Estate Investment Trust, which owns healthcare assets, is placing up to 31.6 million units at an indicative price range of S$0.95-S$0.97 each, raising as much as S$30.7 million (US$25.1 million).

The First Reit units will yield around 7.4-7.6 per cent based on the offer price, according to a term sheet seen by Reuters.

First Reit units, which are suspended from trading, were last transacted at S$0.985, down 1.5 per cent. The trust is sponsored by Indonesia's Lippo Karawaci.

- REUTERS

- wong chee tat :)