Nippon Building Fund

Nippon Building Fund Placement - Weak Sentiment, However, Past Deals Have Performed Well

Equity Capital Markets
183 Views, 11 Jan 2022 08:50
EXECUTIVE SUMMARY
  • Nippon Building Fund (8951 JP) is looking to raise around US$260m in its Primary Offering, to fund the acquisition of two properties.
  • Target acquisitions are expected to be accretive however, the deal comes amidst weaker sector sentiment and analysts have grown more pessimistic on the REIT’s unit price. 
  • In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
detail (5-minute read)
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Clarence Chu
APAC IPOs & Placements
Aequitas Research
EquitiesEquity Capital Markets

At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our t... 

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