CapitaLand goes back to the REIT market
(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.
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.
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