Singapore's efforts to lure REIT issuers from across the globe are paying off, with two Chinese property companies and a Canadian insurer preparing to launch their offerings, providing a much-needed boost to the deal-starved IPO market. Manulife reit, kailonc china reit and tianfanc hospitality reit are all planning to bring their deals to the market before global interest rates start edging up later in the year. "Issuers and bankers know that it cannot get any better for yield-based products in the future and are hoping to tap the pent-up demand in the Singapore IPO market," a banker working on one of the REIT IPOs said.
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