Deals
Frasers Logistics & Industrial Seeks S$900 Million in IPO
- Biggest Singapore IPO since 2013, Bloomberg data shows
- Business trust plans to offer units at 85-59 Singapore cents
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Frasers Logistics & Industrial Trust is seeking as much as about S$900 million ($654 million) for its Singapore initial public offering, which would make it the biggest such share sale in the city state since 2013.
The trust, backed by Frasers Centrepoint Ltd., plans to offer units at 85 to 89 Singapore cents each, according to a prospectus filed Friday with the regulator. It is forecast to offer a dividend yield of as much as 7 percent for fiscal 2016, and 7.5 percent for fiscal 2017, the prospectus shows.