In today’s briefing:
- Keppel Infra Trust Placement – While the Raising Is Relatively Large, Its past Deals Have Done Well
Keppel Infra Trust Placement – While the Raising Is Relatively Large, Its past Deals Have Done Well
- Keppel Infrastructure Trust (KIT SP) is looking to raise around S$206m (US$158m) in its primary placement.
- Proceeds will be used to pay down its bridge loan facility linked to its Ventura acquisition. KIT also appears to have secured its unitholders’ approval for the raising earlier.
- In this note, we run the deal through our ECM framework and comment on deal dynamics.
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