- CapitaLand India Trust (SGX:CY6U) has launched a private placement to raise gross proceeds of S$150m to fund previously announced forward purchases. The issue price of S$1.208 per new unit represents the lower end of the indicative range, and translates to a discount of 4.9% and 3.8% to the volume weighted average price (VWAP) and adjusted VWAP on 23 Feb 2026, respectively.
- - Read this at SGinvestors.io -
High quality and strategically located assets
- Of the gross proceeds, S$100m (66.7%) and S$47.4m (31.6%) will be deployed to partially fund the ongoing development and construction of Ebisu and MAIA, respectively, in return for an annual coupon rate of at least 11.5%. The remaining S$2.6m (1.7%) will be used to pay related fees and expenses. Construction for Ebisu and MAIA are expected to complete in 2H26 and 2H28, respectively.
- - Read this at SGinvestors.io -
Exposure to the Outer Ring Road (ORR) micromarket of India’s Silicon Valley
- Read more at SGinvestors.io.
