JSE-listed property loan stock company Vukile has closed its accelerated book build after strong demand resulted in it having been oversubscribed by some R150-million.
This resulted in the company raising R400-million instead of the initially planned R250-million.
The equity raise was offered to selected investors through an accelerated book build process and was subject to a minimum application of R1-million per investor.
The new Vukile linked units to be issued pursuant to the accelerated book build process have been priced at R19.50 apiece. A total of 20.51-million new Vukile linked units were expected to be issued and listed on May 16.