Malaysia's YTL Corporation raised M$513 million $136 million from the spin-off this Friday December 2 of some of its property assets into a Reit. The DBS, ECM Libra and HSBC led transaction for Starhill Reit represents the first benchmark listing of a Malaysian Reit following a smaller $32.5 million deal for Axis Reit back in August.
After being marketed at M$0.93 to M$1.03 per unit, the 509.6 million unit deal was priced at M$1.01 for...