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Tuesday, July 30, 2019

Frasers L&I Tr

Frasers Logistics & Industrial Trust launched a private placement of 220 million net units to be issued at S$1.143 to S$1.173 to raise as much as around S$258.1 million.


The issue price range is a discount of 3.2 percent to 5.7 percent to the volume weighted average price of S$1.2122 a unit .

Advance DPU of 2.45 cents from 1st April to 7tg Aug. 
XD 6/8. Pay date 1st Nov.


They are planning to use the proceeds to partially fund the acquisition of 12 logistics properties in Germany and Australia.

Pls dyodd.



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