Keppel launches S$513m Reit IPO, books covered

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Keppel launches S$513m Reit IPO, books covered

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Books opened on Wednesday afternoon for Keppel Telecommunications & Transportation’s S$513m ($393.8m) IPO of its real estate investment trust, with books being fully covered within an hour of launch thanks to efforts by the banks to get plenty of anchor support ahead of opening.

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