New Europe Property raises R695m in book build

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New Europe Property raises R695m in book build

Listed Property, REIT, Real Estate Funds

Posted On Friday, 29 November 2013 07:35 Published by eProperty News

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New Europe Property Investments raises R695m via an accelerated book build‚ which was substantially oversubscribed.

Martin Slabbert

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.

Last modified on Saturday, 30 November 2013 13:27

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