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
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Claudia Chong
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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.
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