IGB Reit raises $268 million from Malaysia IPO

The retail mall trust prices its deal at the top of the range, with an implied distribution yield of 5.4% for 2013.

<div style="text-align: left;"> IGB Reit's Mid Valley Megamall: part of one of the biggest mixed-use developments in Malaysia </div>

September 10, 2012

IGB Reit, a real estate investment trust focusing on retail malls in Malaysia, has raised M$837.5 million ($268 million) from its initial public offering. It is the latest offering to price in Malaysia, which has been a bright spot for IPOs this year.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.