Manulife injects some S-Reit life

The Canadian financial services group prices Singapore's first pure-play US office real estate investment trust, giving the city's static IPO market a welcome boost.

Manulife is on course to complete a $470 million Singapore listing of its US office real estate investment trust at the second time of asking, giving S-Reit deal makers a welcome confidence boost after a prolonged period of market inactivity.

The Canadian financial services group failed at the first attempt in July last year but this time achieved much stronger traction with a slightly bigger deal, thanks to the higher yield on offer and the relatively calmer state of markets. 

With just one initial public offering to Singapore's name last year, equity banker hopes in the Lion City could rest on Manulife...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222