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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Temasek-backed Mapletree prices Singapore IPO at top

Posted on 27 February 2013

A real estate investment trust backed by Temasek Holdings Pvt Ltd has priced its Singapore IPO at S$0.93 each, the top of the indicative range, a source briefed on the matter told Reuters on Tuesday. The IPO would raise about US$1.3 billion (S$1.6 billion), in the city-state’s biggest REIT offering.
Mapletree Greater China Commercial Trust, with retail developments in mainland China and in Festival Walk, an up-market shopping centre in Hong Kong’s Kowloon district, had offered units in the trust in S$0.88 to S$0.93 range…………………………………..Full Article: Source


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