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Frasers Logistics Trust headed for listing

Reit targets 6.8% to 7% dividend yield for FY16 and boasts 15 cornerstone investors

Published Fri, Jun 3, 2016 · 09:50 PM

Singapore

FRASERS Logistics & Industrial Trust (FLT) on Friday afternoon lodged its preliminary prospectus, confirming weeks of market talk that preparation for its listing was well underway.

With 15 cornerstone investors on board, which is more than the usual, analysts likewise expect strong interest in the public offer, which should open on June 10 and close on June 16.

Thereafter, the Reit is expected to start trading on June 21.

FLT is offering up to about 521.7 million units (subject to the over-allotment option)…

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