Mapletree Industrial Trust plans to raise about $800 million from an initial public offering in Singapore to buy six properties and repay debt, according to a term sheet sent to investors.
Trading will start on Oct. 21, according to the term sheet obtained by Bloomberg News. Sonny Phua, a Mapletree spokesman, declined to comment.

Mapletree Industrial Trust will be Shariah-compliant to help attract Middle East investors seeking stable yields, Mapletree Investments Chief Executive Officer Hiew Yoon Khong said at a briefing in June. Citigroup Inc., DBS Group Holdings, Goldman Sachs Group Inc. and Standard Chartered Plc. are arranging the sale.

 

The trust has assets of $1.73 billion, including factories and business parks, and is owned by Mapletree Investments, the real estate unit of Singapore’s state-owned investment company Temasek Holdings. The roadshow for the offering is scheduled to begin on Sept. 30, according to the term sheet.