SPH Reit, the real estate investment trust that is sponsored by Singapore Press Holdings, has decided to go ahead and launch the institutional bookbuilding for its Singapore initial public offering today. The issuer had initially been expected to kick off the roadshow on June 20, but chose to hold off on the deal after it finished pre-marketing due to the volatile market environment.
SPH Reit is seeking to raise between S$475.9 million and S$503.9 million ($371 million to $393 million) from the base deal, which will account for 22.4% of the trust. Full story
