Croesus Retail Trust IPO

Croesus Retail Trust, a Japanese real estate investment trust, is aiming to raise about S$394 million through an initial public offering in Singapore this year.

Source:
http://www.channelnewsasia.com/news/business/croesus-retail-trust-to-raise-about-s-39/652740.html

Some details include:
Preliminary prospectus available here:
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/e25d3309aa11eacd48256f64000f86d1/F3B2428D0D7AAF7048257B58000A36ED/$File/CRT%20Preliminary%20Prospectus.pdf

indicative price: $0.93

Offering: 208,815,000 and 248,015,000 Units
Number of units in public offer: 21,505,000 Units
[page 31 of preliminary prospectus]

yield forecast: $0.074,    yield: 7.96% for 1 July 2013 to 30 June 2014
                         $0.0749, yield: 8.05% for 1 July 2014 to 30 June 2015
[page 10 of preliminary prospectus]
I personally don't like the way they round to the nearest 1 decimal place and say 8 and 8.1% yield.

Gearing:   $27,419,096 / $57,685,819 = 0.4753 or 47.5%  [page 41 of preliminary prospectus]

Properties and projected income:

Corner stone investors:
[page 72-74 of preliminary prospectus]

• Asdew Acquisitions Pte Ltd
• Citadel Asset Management
• D.E. Shaw Valence International, Inc.
• Eastspring Investments (Singapore) Limited
• G.K. Goh Strategic Holdings Pte Ltd
• Hong Leong Asset Management
• Hwang Investment Management Berhad
• JF Asset Management Limited
• JABCAP Multi Strategy Master Fund Limited
• Myriad Asset Management Limited
• Target Asset Management Pte Ltd

Indicative timetable:
[page 36 of preliminary prospectus]

Other notes:
This is not a REIT and the trust do not need to maintain above 90% distributions as payout. See differences between REIT and trust for more info:
Differences between reits and trusts