Monday, June 13, 2016

Frasers Logistics and Industrial Trust IPO launched at $0.89

Frasers Logistics and Industrial Trust is pricing its IPO at the top of range of S$0.89.

Translates to a dividend yield of 6.8% (forecast period of 4 months till 30 September) or 7.3% full year to 30 September 2017.

80 million units up for grab for the public.

The S$903 million IPO is the largest IPO since 2013's Asian Pay Television Trust.

Market cap will be S$1.27 billion.

Portfolio to comprise 51 industrial properties in Australia valued at $1.6billion.

Public offer closes at noon Thursday. Trading expected to start at 9am on 21 June 2016.

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