UPDATE: Goodman opts for underwritten $150m placement to raise capital

Wed, 18 Sep 2019

(Updates with CEO comments on placement from eighth paragraph.) By Jenny Ruth Sept. 18 (BusinessDesk) - Goodman Property Trust's manager says it will raise up to $175 million from a $150 million placement to institutions and up to $25 million in a retail offer to existing unitholders. The institutional placement is underwritten by Jarden Partners and UBS New Zealand and the new shares in both issues will be sold at $2.10, a discount to yesterday's $2.195 closing price. Trading in the units is halted for the placement to occur. Ther...

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