Religare Health Trust raises $416 million ahead of Singapore listing

The price is fixed towards the low end at S$0.90 per share for an enhanced annualised yield of 8.95% for the current fiscal year.

Religare Health Trust raises $416 million ahead of Singapore listing

Religare Health Trust RHT will raise $416 million from its initial public offering in Singapore after fixing the price at S$0.90 per share.

With one day to go of the institutional bookbuilding, the bookrunners told investors that the deal was likely to price around the mid-point, but the final price is actually more towards the low end of the S$0.88 to S$0.97 range. Sources said the issuer could have priced higher, but decided to be...

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