MAINBOARD-LISTED Keppel DC Reit has raised S$242.8 million in gross proceeds from its oversubscribed preferential offering, the company announced in a bourse filing on Wednesday.
The cash call is part of Keppel DC Reit's move to raise S$478 million via the offering and a separate private placement to fund its acquisition of two data centres in Singapore later this year. Some 142 million new units will be issued under the offering at an issue price of S$1.71 per unit. The new units are expected to be listed on the SGX on Oct 15.
As at Oct 7, Keppel DC Reit had received valid acceptances for a total of 131 million new units and applications for another 117.9 million additional new units in excess of provisional allotments, implying that the offering was about 175.4 per cent subscribed.The Reit's managers, Keppel DC Investment Holdings and Keppel DC Reit Management , have accepted their provisional allotments of 35.6 million units and over 251,500 units respectively.
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