Placements galore

Busy start to week with three Southeast Asian placements

Bumrungrad offloads its 25% stake in Bangkok Chain Hospital and Alliance Global Properties exits Mapletree Logistics Trust, raising a combined $248 million. And last night, Ayala Land was in the market with a $253 million top-up placement.
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Bumrungrad is one of the forerunners in the health tourism industry
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<div style="text-align: left;"> Bumrungrad is one of the forerunners in the health tourism industry </div>

Despite a sluggish jobs report out of the US and renewed concerns about weaker growth in China, the Asian capital markets had a busy start to the week with two block trades launching after the close on Monday. Bumrungrad Hospital sold its entire 25% stake in Bangkok Chain Hospital, raising Bt4.56 billion $143 million, and Alliance Global Properties offloaded its remaining shares in Singapore-listed Mapletree Logistics Trust MLT reaping total proceeds of S$133.8 million $105 million.

Both deals came on the back of steady share price gains, but still met with relatively good demand and the Bangkok Chain offering was even upsized by 24%.

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