The price for the Mapletree Commercial Trust’s IPO was set at S$0.88 per unit after a book-building exercise. (Refer to earlier post on the subject matter.)
The projected distribution yield for FY 2011/12 and 2012/13 based on S$0.88 price are:
|Growth between years||9.00%|
Projected Net Asset Value (NAV) per unit is S$0.91. The offering price is at 3.3% discount over NAV.
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