Frasers Commercial Trust to raise up to $142.1m via private placement
84m new units will be issued.
Frasers Commercial Trust will raise up to $142.1m via the private placement of 84 million new shares.
The new units have an issue price of between $1.46 to $1.48, which represents a discount of 4.9%-3.6% to its last closing price.
FCOT said that depending on market conditions, it may increase its private placement exercise by up to an additional 12m new shares.
Bulk of the gross proceeds will be used to finance its proposed A$237.7m acquisition of an 357 Collins Street in Melbourne from its sponsor