Nippon Building Fund

Nippon Building Fund (8951): Offering Could Trigger Outperformance Vs TSEREIT Index

Event-Driven
339 Views, 06 Jan 2022 19:18
EXECUTIVE SUMMARY
  • Today after the close, Nippon Building Fund (8951 JP)("NBF") announced a follow-on equity offering to fund part of their recently announced property acquisition. 
  • The primary offer quantity is 47,500 units. In addition, there will also be an over-allotment quantity of 2,500 units. The total size of this offering could be roughly ¥33bn (~US$285mn). 
  • Below is a closer look at the details of this offering and the potential of this offering to trigger strong secondary market performance in the following weeks.
detail (7-minute read)
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Janaghan Jeyakumar, CFA
Equity Analyst, Event-driven
Quiddity Advisors
EquitiesEvent-Driven

Equity Analyst with experience in fundamental and event-driven research in Frontier and Emerging markets. On Smartkarm... 

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