CapitaMall Trust to raise $250 mln via private placement

Singapore's CapitaMall Trust said it plans to raise $250 million through a private placement. 

In a statement, CapMall Trust said it has priced a new issue of 125 million new units at $2 each. 

That represent a discount of 4.8 percent to its adjusted volume weighted average price of $2 and 10.02 cents 

The shopping mall owner said it will use the net proceeds for capital expenditure, initiatives for its properties and debt refinancing. 

JP Morgan is the lead manager and underwriter for the deal.