SUBSCRIBERS

Eagle Hospitality Trust prices IPO at US$0.78, below indications

Issuer projects annualised yield of 8.2% for forecast period from May 1, 2019 to Dec 31, 2019

Claudia Chong

Published Thu, May 16, 2019 · 09:50 PM

Singapore

EAGLE Hospitality Trust (EHT) has priced its initial public offering (IPO) at US$0.78 per stapled security, below the indicated range of US$0.80 to US$0.81.

A total of 580.6 million stapled securities are being offered, comprising an international placement of 535.7 million stapled securities to investors, including institutional and other investors in Singapore, and an offering of 44.9 million stapled securities to the public in Singapore.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes