VSRF: Capital increase significantly oversubscribed
The real estate fund Valres Swiss Residential Fund (VSRF) has raised CHF 157 million with its capital increase. Demand significantly exceeded supply, the fund's management says.
According to reports, shares in VSRF amounting to CHF 323 million were subscribed, significantly more than the maximum amount of the capital increase of CHF 157 million.
The new shares will be paid on November 22, 2017, bringing the number of shares outstanding to approximately 2.68 million.
On the one hand, the proceeds from the issue are to be used to expand and diversify the real estate portfolio. On the other hand, the fund management intends to increase the debt ratio in the run-up to the listing on the SIX Swiss Exchange planned for mid-December. lower
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