Charter Hall Social Infrastructure REIT is embarking on a $100m placement, with help from JPMorgan.
It also plans to secure up to $15m for a unit purchase plan, which will not be underwritten.
Shares are being sold at $2.20 each, a 7.6 per cent discount to their last closing price of $2.38 on May 1.
The funds will be used to strengthen the company’s balance sheet amid the COVID-19 pandemic.
More to come
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