In today’s briefing:
- Frasers Centrepoint Trust Placement – Relative Large Dilution for Smallish Accretion
Frasers Centrepoint Trust Placement – Relative Large Dilution for Smallish Accretion
- Frasers Centrepoint Trust (FCT SP) aims to raise around US$152m in order to partly fund its purchase of an additional stake in NEX mall.
- The company had purchased its initial stake in the property nearly a year ago.
- In this note, we comment on the deal dynamics and run the deal through our ECM framework.
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