(July 15): Prime US Real Estate Investment Trust registered its prospectus on July 8. The offer of 335.2 million units, subject to an overallotment option, consists of a placement of 318.44 million units to investors outside of the US and an offering of at least 16.76 million units to the Singapore public. The IPO price is 88 US cents per unit ($1.20 per unit for the Singapore offering) and up to US$295 million should be raised. At this price, the yield is 7.4% for forecast FY2019 and 7.6% in projection for FY2020. 

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