CDL H-Trust – BT

SINGAPORE – CDL Hospitality Trusts, which owns hotels in Singapore, Australia and New Zealand, said on Wednesday it has raised S$200 million by placing 116.96 million new units with investors at S$1.71 per unit.

The price is at the bottom of the indicative range set by CDL HT on Tuesday, and represents a 9.4 per cent discount to CDL HT's volume weighted average price on June 21.

CDL HT is raising the money to pay off part of its debt.