First Sponsor raises $244m from oversubscribed rights issue
It issued the securities for $1.08 piece.
First Sponsor raised $244m from its over-subscribed rights issue.
The developer issued 225,910,315 Series 3 Convertible Securities under its rights issues.
It, however, received valid acceptances and excess applications for 235,931,493 Series 3 Convertible Securities.
First Sponsor issued the securities for $1.08 per piece.