Keppel-kbs US REIT prices IPO for US$0.88 per unit
Keppel-kbs us reit, which is 50% managed by Keppel Corporation, has priced its initial public offering (IPO) for us$0.88 per unit.
According to an announcement, the manager of the IPO also bought a 9.5% interest comprised 59.71 million units amongst the total. bloomberg also reported the trust is offering 509.1 million units in total. with a dividend yield of about 6.8%.