Sunlight Reit sets price range for its $349 million IPO
The Henderson Land-backed Reit confirms a yield range of 8.49% to 9.01% thanks to financial engineering and numerous guarantees and waivers from the sponsors.
Sunlight Real Estate Investment Trust has announced the indicative terms for its upcoming initial public offering, which aims to raise up to HK$2.71 billion $349 million.
In a statement, which was issued ahead of the launch of the Hong Kong retail portion of the offering today, the Reit manager confirms that the upper end of the indicative dividend yield range will exceed 9% - a return that it will achieve through a combination of financial engineering and guarantees...
To continue reading, please login or register for free