MOF 1.75% 28.0¢ macquarie office trust

Anyone know why this is trading at well above the placement...

  1. 377 Posts.
    Anyone know why this is trading at well above the placement price given the behavior of almost every other stock that has made a placement recently? In the announcement they mention eps of 4.3 and dps of 3. Not bad but there are other funds with better forecast returns. I am not trying to talk the stock down (and how would my opinion make any difference?) but I am curious.
 
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Currently unlisted public company.

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