Nippon Building Fund Watchlist
Nippon Building Fund Placement - Weak Sentiment, However, Past Deals Have Performed Well
Equity Capital Markets
183 Views, 11 Jan 2022 08:50
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.