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EQUITIES: Axis Islamic REIT IPO targets US$700m

Tue, 2011-03-15 11:28 — newsdesk

Axis Global Islamic REIT is in talks with potential cornerstone investors and will aim to raise around US$700m from a Malaysian IPO in the second quarter. The original plan was to include assets from Japan, Australia and Hong Kong., but this may change as a result of last week’s earthquake and tsunami. CIMB and Standard Chartered are joint global co-ordinators, with Credit Suisse and Maybank as joint bookrunners.

Source: 

http://www.ifrasia.com/equities-axis-islamic-reit-ipo-targets-us$700m/627334.article