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Securitisation of Nouvel 18 win-win for both CDL and investors

Benjamin Cher
Benjamin Cher10/25/2016 02:53 PM GMT+08  • 2 min read
Securitisation of Nouvel 18 win-win for both CDL and investors
SINGAPORE (Oct 25): The securitisation of Nouvel 18 is a “win-win outcome” for City Developments (CDL) and investors with UOB Kay Hian maintaining its “buy” call with a target price of $10.36.
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SINGAPORE (Oct 25): The securitisation of Nouvel 18 is a “win-win outcome” for City Developments (CDL) and investors with UOB Kay Hian maintaining its “buy” call with a target price of $10.36.

(See also: CDL monetises Nouvel for $977.6 mil via profit participation securities)

The deal values Nouvel 18 at $965.4 million or $2,750 psf.

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