- Abacus Property Group (ABP) has completed the retail component of its one-for-4.8 non-renounceable entitlement offer and raised $46 million
- On December 8, the real estate investment company revealed it also aiming to raise $402 million to fund future acquisitions and repay its debt
- Securities priced at $2.90, representing a 6.5 percent discount to the closing price of $3.10 on December 7
- Abacus received $16.5 million in applications and $4.3 million via the oversubscribed facility
- Then the securities expected to allocated on December 31 and begin trading on the ASX on January 4
- Abacus is up a slight 0.35 percent on the market with shares currently trading at $2.89
Abacus Property Group: Completes $46M retail entitlement offer
Popular Categories
