Mapletree Industrial prices new units at $1.09 each

Mapletree Industrial Trust (MAPI.SI), which owns factories and other industrial assets in Singapore, said on Thursday it has priced an offering of new units at $1.09 a unit, which was at the top end of an indicative range.

This was a discount of 2.2% to the adjusted volume weighted average price of $1.115 a unit on July 27, Mapletree Industrial said.

It has also priced its preferential offering at $1.06 a unit, or at the midpoint of the indicative range.

Citigroup and DBS were the joint bookrunners and underwriters for the placement and preferential offering to raise around $175 million.