April 27 (Reuters) - Charter Hall Retail REIT CQR.AX :
* A FULLY-UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE $275 MILLION
* CHARTER HALL RETAIL REIT ANNOUNCES NON-UNDERWRITTEN UNIT PURCHASE PLAN TO RAISE UP TO $25 MILLION
* NEW UNITS UNDER EQUITY RAISING WILL BE ISSUED AT A FIXED ISSUE PRICE OF $2.90 PER SHARE
* PROCEEDS FROM EQUITY RAISING WILL BE USED TO STRENGTHEN CQR'S BALANCE SHEET
* 31 MARCH 2020, 60% OF CQR'S SUPERMARKETS ARE CURRENTLY PAYING TURNOVER RENT
* FOLLOWING PLACEMENT, BALANCE SHEET GEARING FORECAST TO REDUCE TO 22.6%
* FOLLOWING PLACEMENT, CASH & UNDRAWN DEBT FACILITIES IS FORECAST TO INCREASE TO $407 MILLION
* CHARTER HALL RETAIL REIT - INTENDS TO PAY DISTRIBUTION FOR 2HFY20 BASED ON OPERATING CASHFLOW GENERATED DURING PERIOD