Mapletree harvests strong demand for Reit

Heavy oversubscription for new Singapore Reit IPO.

Mapletree Logistics Trust MLT has become the sixth Reit to list in Singapore following the completion of a 310.87 million unit IPO on Friday July 22. The Temasek-owned group raised S$211.39 million $127.4 million via DBS and UBS.

The deal was priced at S$0.68 per unit, the top end of an S$0.63 to S$0.68 range. There is also a greenshoe of 15%.

The institutional book is said to have closed...

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