Far East Hospitality Trust

Far East Hospitality Trust: is seekign to raise as much as $656.3m in an IPO. Plans to sell 705.7m stapled securities at a range of btwn $0.86 - 0.93. The IPO may be the biggest this yr in Spore. The initial property portfolio will comprise 11 properties, consisting of 7 hotels (incl Albert Court Village Hotel and Orchard Parade Hotel) as well as 4 serviced residences. The distribution yield for this yr is projected to be as much as 6.5% . AIA, Aberdeen, Lion Global are among the cornerstone investors. DBS, HSBC and Goldman are the IPO mgrs.