Manulife launches Singapore Reit IPO

Canadian financial services group ploughs on with Singapore Reit IPO as rallying Treasury market provides a much-needed spur in very difficult market conditions.

Manulife launches Singapore Reit IPO

Manulife has decided to plough ahead with its Singapore Reit flotation despite the extremely difficult market backdrop caused by Greece's potential exit from the Eurozone and China's collapsing A-share market. 

The Canadian financial services group opened bookbuilding on Monday for an S$569 million $426 million IPO for Manulife US Reit after fixing the issue price for the 767.3 million units on offer at S$0.82. This represents a 2016 post tax dividend yield of 6.3%....

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