OUE H-Trust

OUE H-Trust: Strong public approximately 19.1x subscribed by retail investors, while the Placement Tranche fully subscribed on the back of strong demand from institutional and other investors. Debuts today at 2pm. IPO price of $0.88 per unit has implied 2013 annualized yield of 7.36% and 2014 yield of 7.46%. This is compared to hospitality REIT average of 6.45% and 6.35% for 2013E and 2014E respectively.