Mapletree Commercial Trust – BT

Mapletree Commercial Trust IPO indicative yield 5.2-5.8%

SINGAPORE – MAPLETREE Commercial Trust, a real estate industrial trust managed by Singapore state investor Temasek's property arm, has set an indicative yield of 5.2 to 5.8 per cent for its upcoming initial public offering, IFR reported on Thursday.

The REIT, whose assets include Singapore's largest shopping mall Vivocity and two office blocks, is seeking to raise about $1 billion and is currently going through a pre-marketing exercise ahead of an April listing.

Citigroup, DBS and Goldman Sachs are the global co-ordinators and joint bookrunners with CIMB and Deutsche Bank.