Suntec Reit launches S$150m unit sale

Suntec Real Estate Investment Trust (Reit) is looking to raise S$150m ($110.4m) from a placement of new units, according to a term sheet seen by GlobalCapital Asia.

  • By Jonathan Breen
  • 24 Apr 2019

The trust flagged the deal after Singapore markets closed on Wednesday hawking 84.7m new units at S$1.77-S$1.81, equal to 3.1% of its outstanding stock. Suntec has also given the underwriters an option to increase the offer by an additional 28.2m units — S$51m at the top of guidance.

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 21.85
2 China Merchants Securities Co 14.67
3 Industrial and Commercial Bank of China (ICBC) 14.44
4 Agricultural Bank of China (ABC) 8.89
5 China Securities 7.41

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 9,346.38 46 7.80%
2 Goldman Sachs 8,791.68 35 7.34%
3 Morgan Stanley 7,131.69 47 5.95%
4 China International Capital Corp Ltd 6,923.83 42 5.78%
5 UBS 6,281.96 46 5.24%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 21,772.21 186 8.61%
2 Citi 15,676.35 116 6.20%
3 JPMorgan 13,488.58 90 5.33%
4 Standard Chartered Bank 10,739.32 105 4.25%
5 Bank of America Merrill Lynch 9,668.56 74 3.82%

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