Mapletree Commercial Trust, a real estate industrial trust managed by Singapore state investor Temasek’s (TEM.UL) property arm, has set an indicative yield of 5.2 to 5.8% for its upcoming initial public offering, IFR reported on Thursday.
The REIT, whose assets include Singapore’s largest shopping mall Vivocity and two office blocks, is seeking to raise about $1 billion and is currently going through a pre-marketing exercise ahead of an April listing.
The REIT, whose assets include Singapore’s largest shopping mall Vivocity and two office blocks, is seeking to raise about $1 billion and is currently going through a pre-marketing exercise ahead of an April listing.
Citigroup (C.N), DBS (DBSM.SI) and Goldman Sachs (GS.N) are the global co-ordinators and joint bookrunners with CIMB (CIMB.KL) and Deutsche Bank (DBKGn.DE).
No comments:
Post a Comment