Charter Hall Retail REIT (CQR) has completed a fully-underwritten AUD275 million equity fundraising exercise.
New units of the REIT were issued at a fixed price of AUD2.90 each.
This represents a 7.9% discount to the REIT's last close price of AUD3.15 on 24 April 2020, and an 8.4% discount to the 5 day VWAP of AUD3.167 on the same day.
The placement represents approximately 20% of Charter Hall Retail REIT units in issue prior to the equity raising.
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