ESR-REIT launches preferential offering to raise $141.9 mil in proceeds

SINGAPORE (Feb 27): ESR-REIT is launching a preferential offering on the basis of 199 new units for every 1,000 existing units to raise gross proceeds of up to about $141.9 million.

This translates to about 262.8 million new units in total at an issue price of 54 cents per new unit, which represents a 7.1% discount to the volume weighted average price of 58.12 cents per unit.

The new units also represent approximately 20.0% of the existing total issued units in ESR-REIT.

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