CapitaMalls Asia IPO to raise $1.8 bln-source - News

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CapitaMalls Asia IPO to raise $1.8 bln-source

By: AFX | 16 Nov 2009 | 07:30 PM ET

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SINGAPORE, Nov 17 (Reuters) - CapitaMalls Asia, a unit of Singapore's CapitaLand, has priced its initial public offering at S$2.12 a share, which will raise S$2.47 billion ($1.8 billion) for the property developer, a source with knowledge of the deal said on Tuesday. CapitaMalls is selling 1.165 billion shares in the offering. The final price comes against an indicative range of S$1.98-S$2.39 a share, according to a term sheet seen by Reuters earlier this month. JPMorgan is the sole financial adviser, and issue manager with DBS. The two banks are also bookrunners with Deutsche Bank and Credit Suisse, according to the prospectus. CapitaMalls manages and has interest in 86 retail properties worth $14.4 billion in Singapore, China, Malaysia, Japan and India. CapitaLand suspended its shares for trading early on Tuesday. (Reporting by Saeed Azhar; Editing by Jeremy Laurence) ((saeed.azhar@thomsonreuters.com; +65 6403 5664; Reuters Messaging: saeed.azhar.reuters.com@reuters.net) ($1=1.382 Singapore Dollar) Keywords: CAPITAMALLS IPO/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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