New Europe Property Investments (NEPI) raised R695m via an accelerated book build on Thursday‚ which was substantially oversubscribed.
The new NEPI shares were priced at R77 each‚ a 3.6% discount to the five-day volume weighted average price and a 3.8% discount to Wednesday’s R80 closing price.
Nine-million new NEPI shares will be listed on the JSE next Friday.