HONG KONG, Sept 18 (Reuters) - Cromwell European Real Estate Investment Trust, a property trust sponsored by Australia's Cromwell Property Group (CMW) , launched on Monday an up to 927 million euros ($1.1 billion) initial public offering in Singapore, IFR reported citing a term sheet of the deal.
The base offering for CEREIT, as the trust is called, consists of up to 1.296 billion units in an indicative range of 0.55-0.57 euros each, added IFR, a Thomson Reuters publication. The REIT will also sell up to 334.8 million units to two cornerstone investors, the terms showed.
The units' price is equivalent to a forecast dividend yield of up to 7.7 percent a year for fiscal 2018. ($1 = 0.8374 euros)
News: CMW Australia's Cromwell seeks up to $1.1 bln with Singapore REIT offering -IFR
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Last
45.0¢ |
Change
0.010(2.27%) |
Mkt cap ! $1.178B | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 46.0¢ | 43.5¢ | $2.293M | 5.084M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 448850 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 99996 | 1 |
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