Far East Hospitality seeks $528 million from Singapore IPO

With strong demand from a wide range of investors, the deal is fixed at the top of the range, indicating a yield of 6.3% for 2013.

Citi has hired Cristina Mascanzoni for a new role in its capital markets and advisory team as director and technology coverage lead for Australia and New Zealand.

Focusing on hotels and serviced apartments, Far East Reit is aiming to raise about $557 million, which would make it the biggest offering in Singapore so far this year.

Chan will join from Goldman Sachs as head of markets solutions for financial institutions for Asia South and Asia North in July.

Japan’s largest taxi-hailing app operator opened 21.25% above its offer price on the Tokyo Stock Exchange, with Nomura, Goldman Sachs and BofA Securities acting as joint global coordinators.

Perennial China Retail Trust has postponed its $862 million business trust IPO due to global market volatility, while bankers will start pre-marketing today of a similar-size offering for Mapletree Commercial Trust.