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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ipo | reit | property | deutsche bank | hsbc | macquarie

Print Edition

FinanceAsia Print Edition