Croesus Retail Trust draws strong demand for IPO

A Singapore business trust with a portfolio of Japanese shopping malls, Croesus will raise $297 million from the fixed-price offering as investors load up on high-yielding equities.
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Croesus Retail Trust's assets are all located in Japan
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<div style="text-align: left;"> Croesus Retail Trust's assets are all located in Japan </div>

The combination of an attractive yield and a general appetite for Japanese assets saw investors pile into the initial public offering of Croesus Retail Trust, leaving the S$365.3 million ($297 million) deal massively oversubscribed when it closed on Tuesday, sources said yesterday.

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