SGX issuance slumps as REITs struggle

摘要

A recent bout of investor aversion to real estate investment trusts and yield stocks has led to a dismal start to the year for Singapore equity issuance. At the current rate, equity and equity-linked issuance on the Singapore Exchange in 2014 will be less than a quarter of last year's total of US$113bn. A S$350m (US$277m) primary share placement in suntec reit last week was the largest equity deal in Singapore so far this year, almost doubling the total raised in the year to date. Before then, only US$327m had been raised from all equity and equity-linked offerings in 2014, almost entirely from the S$346m IPO in January of OUE Commercial REIT.