Accordia Golf Trust set to pay out 7% yield

Golf_230px
By Rev Hui
03 Jul 2014

Japan’s Accordia Golf has unveiled the terms of its S$782m ($614m) business trust offering, with investors expected to receive a maximum yield of 7%.

Accordia Golf Trust, which will be the name of the Singapore-listed trust, is a spin-off of assets from Accordia Golf, which listed in Tokyo in November 2006.

Bookbuilding is scheduled to start on July 10 and investors will be offered 782m units at an indicative price range of ...

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