Singapore business trusts seek to raise close to $2 billion

Yield-hungry investors will get new asset classes to focus on when Asian Pay Television Trust, Investec Aviation Trust and Japan shopping mall-focused Croesus Retail Trust hit the market in the next week or so.

Singapore business trusts seek to raise close to $2 billion
Singapore: Three separate sponsors are currently preparing business trust IPOs

With equity markets around the region remaining somewhat unpredictable and the Japanese central bank having joined the reflation party earlier this month, it is not surprising that investors are still attracted to yield.

We see it in the debt market, where high-yield bond offers are attracting billions of dollars of demand and we saw it in the popularity of Mapletree Greater China Commercial Trust’s $1.3 billion initial public offering in February.

Issuers...

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