09/28: FRASERS CENTREPOINT TRUST: Private Placement Was 2.8 Times Subscribed, Raising .. PU. S$277.5m was used to pare down debt. Frasers Centrepoint Trust (FCT) will raise some SGD1,327.3 million (USD950 million) from an equity fund raising (EFR) exercise. Frasers Centrepoint Trust raises $575 mil in private placement following announcement | The Edge Singapore ShareInvestor updates the total number of shares in issue on a best effort basis. The private placement issue price of $2.35 represents a discount of 4.9% to the adjusted VWAP of $2.472 per unit. But if it isn’t sufficient, they can also issue rights as SGX Regco has increased the limit of equity issues up to 100% of the share capital . Frasers Hospitality Trust ("FHT") is the first global hotel and serviced residence trust to be listed on the Singapore Exchange on 14 July 2014, comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust. Frasers Centrepoint Trust (FCT) announced the rights issue on 28 Sep 2020 to fund the acquisition of the remaining stake in 6 suburban malls. By using a combination of placement and debt financing and pricing the asset appropriately. A mandate to conduct the EFR was obtained at an extraordinary general meeting (EGM) on 28 September. Retail REITs in Singapore have rebounded since Phase 2 in Singapore began. Frasers Centrepoint Trust Private Placement 2.3 times subscribed at top end of issue price range The Private Placement drew strong demand from new and existing institutional and other accredited investors Issue price of S$2.382 per Unit represents a discount of 1.5% to the adjusted VWAP1 The upsize option was exercised in full to raise total proceeds of approximately S$369.6 million Frasers CentrePoint Trust. There are currently 3 REITs (ESR REIT, Cache Log Trust and SoildbuildBiz REIT) which have gearing ratio of 40% or more. First Reit, CapitaMall Trust, ParkwayLife Reit, Fraser Centrepoint and Mapletree Logistics made up the remaining five respectively. SINGAPORE - Frasers Centrepoint Trust (FCT) said on Friday (May 17) its private placement equity-fundraising exercise was 2.3 times subscribed at an issue price of $2.382 - … FCT FY2020 DPU decreased 25.1% year-on-year to 9.042 cents due to COVID-19 pandemic; Financial Results Presentation: 2H/FY20; Financial Statements Announcement: 2H/FY20 (For the full financial year 1 October 2019 to 30 September 2020 and half year period 1 April 2020 to 30 September 2020) 08/04: In this article, we will be covering 5 predominantly retail REITs in Singapore, namely Capitaland Integrated Commercial Trust, Frasers Centrepoint Trust, SPH Reit, Starhill Global REIT and Lendlease Global Commercial REIT, comparing their portfolio information, financial ratios, etc. Funds raised from the EFR will be largely deployed towards the acquisition of the remaining stake in AsiaRetail Fund. Investors who took up their rights entitlement were better off with improved IRRs. Pages (9): ... that FCT's 2 rounds of acquisition thus far have been yield accretive without use of financial engineering and without rights issues that require unitholders' attention/action. The Singapore-listed retail real estate investment trust (Reit) will issue 135.7m primary units, up for grabs at S$2.30 to S$2.382 each, giving the Reit a take anywhere from S$312m to S$323.1m. 10/05: FRASERS CENTREPOINT TRUST: Ex-dividend day for interim dividend: FA. The increase in debt room would help. FCT raised S$1,327.3m and S$1,017.7m was used for the acquisition. I previously wrote about it here. Share splits, bonus issues, share consolidations and rights issues are updated on the ex-date whereas other changes in share capital are updated within 7 working days of the release of … FRASERS CENTREPOINT TRUST: RIGHTS ISSUE: 290 new shares @ 2.34 SGD for 1000 exi.. FA.