Starhill yields Reit IPO for Malaysia

Malaysia gets its first benchmark Reit

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...

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