Reit IPO

IGB Reit launches Malaysia IPO

The retail mall trust kicks off the roadshow today for an IPO of about $250 million and an indicated yield of up to 5.8% for 2013.
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Shopkeepers at a mall in Kuala Lumpur. IGB Reit will own two malls in Malaysia at the time of listing (AFP) </div>
<div style="text-align: left;"> Shopkeepers at a mall in Kuala Lumpur. IGB Reit will own two malls in Malaysia at the time of listing (AFP) </div>

IGB Reit, a real estate investment trust focusing on retail malls in Malaysia, is set to start the management roadshow today for an initial public offering that is targeting to raise between M$770.5 million and M$837.5 million $246 million to $267 million. The listing is scheduled for September 21.

The Malaysian Reit is the latest trust to seek a listing in Southeast Asia in the past couple of months, taking advantage of a general investor appetite for yield as market conditions remain uncertain. Far East Hospitality Trust, a hotel-focused Reit, raised $527 million from an IPO earlier this month after fixing the price at the top of the indicative...

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