Keppel DC Reit's IPO centres on attractive yield

Asia's first prospective data centre Reit has been launched at a generous pick-up to locally-listed peers and domestic government bonds.

Keppel DC Reit's IPO centres on attractive yield

Roadshows and bookbuilding began in Singapore on Tuesday for an initial public offering by Keppel DC Reit, a trust backed by data centre properties, that could raise as much as S$512.98 million $410 million.

Barring a sudden downturn in global equity markets, Keppel DC Reit's IPO is likely to be well received given its attractive pricing, extensive cornerstone investor support and the strong brand name of its sponsor, Keppel Telecommunications and Transportation.

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