By Sheri Kasprzak
New York, April 6 - Rubicon America Trust said it plans to conclude a private placement for A$49,028,000.
The company intends to sell 47.6 million trust units at A$1.03 each to 20 new institutional investors.
Deutsche Bank and Credit Suisse are the underwriters.
Separately, the company is also conducting an institutional rights offering. In the rights offering, the existing shareholders will receive one trust unit for every trust unit currently held at A$1.00 each.
Both the placement and the rights offering are scheduled to close April 20.
Based in Edgecliff, New South Wales, Rubicon owns and develops office buildings in the United States.
| Issuer: | Rubicon America Trust
|
| Issue: | Trust units
|
| Amount: | A$49,028,000
|
| Trust units: | 47.6 million
|
| Price: | A$1.03
|
| Warrants: | No
|
| Underwriters: | Deutsche Bank and Credit Suisse
|
| Announcement date: | April 6
|
| Settlement date: | April 20
|
| Stock symbol: | Australia: RAT
|
| Stock price: | A$1.05 at close April 6
|
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