Keppel pre-markets infrastructure trust equity deal

Keppel Infrastructure Trust launches Singapore's first major equity deal of the year, seeking up to $394 million to fund a merger and power plant acquisition.

Keppel Infrastructure Trust KIT has begun pre-marketing Singapore's first major equity deal of 2015, targeting funds of up to S$525 million $394 million.

The Singaporean equity market has been subdued for the past four months, as foreign investors turned net sellers across the Asean region and shifted funds north into Hong Kong, China, Taiwan and Korea. 

The last major deal from the Lion City involved another Keppel asset the initial public offering of data centre manager Keppel DC Reit at the end of last year. However, the stock has performed reasonably well since its December 12 trade date, rising 11.8% compared to a 4% increase...

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