Friday, February 15, 2013

mapletree greater china commercial trust IPO

Mapletree Greater China Commercial Trust plans to offer about 1.7 billion shares in the REIT at 88 Singapore cents to 93 Singapore cents

Mapletree investments pte is targeting to raise about 1.6 billion SGD from this IPO.

Mapletree has shown a pretty good track record. Mapletree Commercial Trust, which raised $754 million in April 2011, and Mapletree Industrial Trust, which completed a $714 million IPO in October 2010, are both up about 50 percent from their offer prices.

The yield is expected to be 5.6% to 6% in the first financial year (1 Apr 2013 to 31 Mar 2014). The distribution yield is expected to grow by approximately 8.6% to a distribution yield of 6.1% to 6.5% in the second full financial year from 1 April 2014 to 31 March 2015

Details on the actual dates should be released soon.

Preliminary prospectus:

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