Edition:
United Kingdom

Investec Australia Property Says Bookbuild Oversubscribed, Raised A$102 Mln


Friday, 17 May 2019 

May 17 (Reuters) - Investec Australia Property Fund ::INVESTEC AUSTRALIA PROPERTY FUND - BOOKBUILD OVERSUBSCRIBED AND RAISED APPROXIMATELY A$102 MILLION.INVESTEC AUSTRALIA PROPERTY FUND - PROCEEDS OF OFFER WILL BE USED TO REPAY DEBT AND TO PAY COSTS ASSOCIATED WITH OFFER.INVESTEC AUSTRALIA PROPERTY FUND - INVESTEC PROPERTY FUND WILL SELL 45 MILLION UNITS IT HOLDS IN FUND TO CERTAIN INSTITUTIONAL INVESTORS.INVESTEC AUSTRALIA PROPERTY FUND - IPF WILL CONTINUE TO HOLD 9.9% OF FUND ON COMPLETION OF OFFER AND IPF SALE.INVESTEC AUSTRALIA PROPERTY FUND - IPF CONFIRMED THAT IT HAS NO CURRENT INTENTION TO REDUCE UNITHOLDING IN FUND FOLLOWING COMPLETION. 

Company Quote

1529.0
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16 Aug 2019