Oxley's MTN 17 times oversubscribed
By
Ven Sreenivasan
OXLEY Holdings' bond issue has been oversubscribed some 17 times by investors rushing to load up on the debt of the fast-growing property company with a huge order book backlog - PHOTO: OXLEY HOLDINGS
OXLEY Holdings' bond issue has been oversubscribed some 17 times by investors rushing to load up on the debt of the fast-growing property company with a huge order book backlog.
BT has learnt from arranger UOB bank that the $100-million launch received book order to the value of some $1.7 billion. "We had to upsize the offer to $150 million to cater for the huge demand," said James Khoo, the bank's executive director for debt/capital markets.
The issue is part of a $300-million MTN programme the company announced on Tuesday.
Mr Khoo said that the yield for the four-year note was reduced to 5.1 per cent, from 5.25 per cent.
- wong chee tat :)
Thursday, May 9, 2013
Croesus Retail Trust IPO 21.4 times oversubscribed
Croesus Retail Trust IPO 21.4 times oversubscribed
Written by The Edge
Thursday, 09 May 2013 00:04
Croesus Retail Trust, the first Asia-Pacific retail business trust with an initial portfolio located in Japan to be listed on the Mainboard of the SGX, said its IPO offer was 22.4 times subscribed. This was based on the total demand of 5,142,786,151 units for its offering of 229,118,000 units.
In the placement tranche, interest received for the 207,613,000 units amounted to 4,093,213,151 units. As for the public offering, 19,638 valid applications for 1,049,573,000 units were received for the 21,505,000 units available to the public for subscription.
- wong chee tat :)
Written by The Edge
Thursday, 09 May 2013 00:04
Croesus Retail Trust, the first Asia-Pacific retail business trust with an initial portfolio located in Japan to be listed on the Mainboard of the SGX, said its IPO offer was 22.4 times subscribed. This was based on the total demand of 5,142,786,151 units for its offering of 229,118,000 units.
In the placement tranche, interest received for the 207,613,000 units amounted to 4,093,213,151 units. As for the public offering, 19,638 valid applications for 1,049,573,000 units were received for the 21,505,000 units available to the public for subscription.
- wong chee tat :)
Croesus trust IPO 22.4 times subscribed
Croesus trust IPO 22.4 times subscribed
By
Mindy Tan
INVESTORS have overwhelmingly backed the listing of Croesus Retail Trust (CRT), with the total placement tranche and public offer 22.4 times subscribed.
The trust manager, Croesus Retail Asset Management, said this last night after it successfully completed its initial public offering (IPO) of about 229.2 million units at 93 cents each.
The placement tranche drew strong demand from institutional investors. Indications of interest received amounted to 4,093.2 million units, resulting in the placement tranche being about 19.7 times subscribed.
At the close of the offering to the public, 19,638 valid applications for 1,049.6 million units were received from retail investors. Based on the 21.5 million units available to the public for subscription, the public offer was about 48.8 times subscribed.
- wong chee tat :)
By
Mindy Tan
INVESTORS have overwhelmingly backed the listing of Croesus Retail Trust (CRT), with the total placement tranche and public offer 22.4 times subscribed.
The trust manager, Croesus Retail Asset Management, said this last night after it successfully completed its initial public offering (IPO) of about 229.2 million units at 93 cents each.
The placement tranche drew strong demand from institutional investors. Indications of interest received amounted to 4,093.2 million units, resulting in the placement tranche being about 19.7 times subscribed.
At the close of the offering to the public, 19,638 valid applications for 1,049.6 million units were received from retail investors. Based on the 21.5 million units available to the public for subscription, the public offer was about 48.8 times subscribed.
- wong chee tat :)
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