S$500.8 million equity fund raising by Keppel Infrastructure Fund Management Pte. Ltd.
A&G News 6 May 2019
Allen & Gledhill advised Keppel Infrastructure Fund Management Pte. Ltd., in its capacity as trustee-manager of Keppel Infrastructure Trust (“KIT Trustee-Manager”), as Singapore counsel, on the S$500.8 million equity fund raising comprising (a) a placement of approximately 680.3 million new units to institutional and other investors, and (b) a non-renounceable underwritten preferential offering of approximately 455.3 million new units to entitled unitholders of KIT Trustee-Manager, fractional entitlements to be disregarded, on a pro-rata basis, at an offering price of S$0.441 per new unit.
Advising KIT Trustee-Manager as to Singapore law were Allen & Gledhill Partners Bernie Lee and Prawiro Widjaja.