Kep­pel-kbs US REIT prices IPO for US$0.88 per unit

Singapore Business Review - - NEWS FROM SBR.COM.SG -

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%.

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