TOKYO, Mar 12 (Pulse News Wire) – One REIT, Inc. (3290.T) announced today that its board of directors had determined the price and conditions for issuing new investment units and selling existing ones.
For the public offering of new investment units, the subscription price per unit is set at ¥77,891. The total amount raised through this issuance will be ¥13.37 billion. Subscription applications will be accepted until March 14, with payment due by March 16 and delivery scheduled for March 18. In addition, the company plans to sell up to 8,301 units through an over-allotment process at a price of ¥80,535 per unit, totaling ¥668.5 million. Applications for this sale will be received on March 13, with payments due by March 16 and deliveries made on March 19.
Furthermore, the company also outlined plans for a third-party allocation issue, setting the subscription price per unit at ¥77,891 and a total amount of up to ¥646.6 million. Subscriptions will be accepted until March 14, with payments due by March 16. Any unsold units will not be issued beyond this deadline. The pricing was based on the closing price of investment units on March 12, which stood at ¥82,600, adjusted by a discount rate of 2.50%. Funds raised from the general public offering will be used towards acquiring assets previously disclosed on March 5, while funds from the third-party allocation will be held as cash reserves for future asset acquisitions or debt repayments.
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