The Reit stuff: Japan trusts turn to ECM

01 Mar 2012

Japan’s booming equity market is encouraging business trusts to raise new equity and improve their portfolios, Japanese ECM bankers told EuroWeek Asia this week.

Two such issuers have already tapped the market this year. The latest, real estate investment trust Industrial & Infrastructure Fund Investment Corp (IIF), raised ¥19.343bn ($238.2m) on Monday evening — and bankers expect plenty more to come.

"It is natural for Reits to issue equity in better market conditions ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial