(Singapore) – Singapore property group CapitaLand Ltd has re-launched its real estate investment trust (REIT), offering 213 million units at an indicative price of S$0.90-S$0.96 each.The CapitaMall Trust has acquired four keystone investors who are buying 182 million units in addition to the 213 million in the public offer.
CapitaMall Trust is forecasting a 2002 dividend yield of 7.06 to 7.53 percent, climbing to 7.25 to 7.73 percent in 2003. Its earlier offering was cancelled due to poor institutional response resulting from unattractive pricing.