The offer was priced at the bottom of the HK$2.68 to HK$3.38 price range for a total deal size of HK$2.33 billion $299 million. At this price, Regal offers an annualised yield of 7.5% for this year.
However, sources say the deal did attract solid demand from some of the largest property-focused Asian funds who took the time to do their homework and to understand how this offering differs from the previous Reit IPOs in...
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