Vukile book heavily oversubscribed

Posted On Wednesday, 08 May 2013 21:21 Published by Commercial Property News
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Vukile Property Fund closes its accelerated book build.

Vukile Property Fund (VKE) has closed its accelerated book build. In light of strong demand‚ the amount of capital to be raised was increased from R250 million to R400 million.

At this level‚ the book was heavily oversubscribed.

The new Vukile linked units to be issued pursuant to the accelerated book build process have been priced at R19.50 per linked unit.

A total of 20‚512‚821 new Vukile linked units are expected to be issued and listed on May 16.

Last modified on Saturday, 18 May 2013 18:21

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