Taking Prime positions

Prime Reit lodges its prospectus with the MAS as Macquarie and two other cornerstone investors make sizeable commitments to the deal.

The management company of Prime Reit in Singapore yesterday lodged the reit's long awaited IPO prospectus with the MAS, with a view to completing the listing by mid September. According to the prospectus, the deal's price range has been set between S$0.93 and S$0.98 a unit.

For the IPO, the management company has appointed Macquarie Securities Singapore as the sole global coordinator of the deal. DBS, JPMorgan and Macquarie Securities Asia have been appointed joint financial advisors on the deal. And joining those three in the lead underwriting and book running role is Deutsche Bank. OCBC is a sub-underwriter on the deal.

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