regal-reit-returns-with-smaller-spicedup-offering

Regal Reit returns with smaller spiced-up offering

The sponsor will retain 72% of the hotel Reit which is tempting investors with a 7.5% yield.
Three months after it postponed its initial public offering due to poor sentiment for Reits, Regal Real Estate Investment Trust is returning to the market with an offer it hopes will better cater to investor demand.

Among the key differences from last time are a higher yield and a significant reduction in size û although sources say the latter is a function of the higher yield as the sponsor was reluctant to sell any more of the vehicle to the public at the new valuation.

Regal Reit is now looking to raise between HK$2.33 billion and HK$2.94 billion $299 million to $377 million and will be offering a yield of up to 7.5%...
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