Pavilion – BT

Pavilion Reit to market IPO at 90 sen/unit

Pavilion Real Estate Investment Trust, a Malaysian retail property trust, is marketing its initial public offering to institutions at 88 sen to 90 sen per unit, according to a note sent to investors.

The company expects a distribution yield of as much as 6.73 percent based on its 2012 earnings estimates, the note said. — Bloomberg