FKP makes entitlement offer

Property group offers new securities to existing securityholders to pay down debt.

FKP Property Group (FKP) has announced a $232 million entitlement offer of new securities to its existing securityholders in order to pay down debt.

In a statement to the Australian Securities Exchange, FKP said the offer price of $1.30 per new stapled security is a 36% discount to the October 25 closing price.

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