InvITs flounder on tepid returns
Investment trusts or InvIts or Real Estate Investment Trusts REITs, are a pool of assets comprising infrastructure like power grids and commercial property that fetch regular income to investors.
Synopsis
Brookfield Real Estate Investment Trust which listed recently is down nearly 10 percent and others have provided tepid returns since these instruments came into vogue four years ago after nearly a decade of back and forth between the regulator and the industry.
MUMBAI: Investment trusts are finding few takers as yields on these debt-like instruments barely match the risks associated with them when compared with risk free returns from government or triple A rated bonds.
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How Oil Could Go To $100 Per Barrel In its February Short Term Energy Outlook (STEO), the EIA forecasts this month s world oil consumption at 96.7 million barrels per day (mbpd). The oil supply, however, is much lower, only 93.6 mbpd, with the difference of 3.1 mbpd of necessity being drawn from crude oil and refined product inventories. By historical standards, a sustained draw of 3 mbpd is large, and we would expect prices to be rising under such circumstances. The EIA sees demand continuing to recover at a good pace to mid-year, with July world oil consumption forecast at 98.2
The basis of allotment for ₹3,800 crore IPO of Brookfield Real Estate Investment Trust’s (REIT) will be announced on February 11. The IPO of the commercial
: Wednesday, February 3, 2021, 7:41 AM IST
IPO Alert: Brookfield India REIT raises Rs 1,710 cr from HDFC Trustee Co, SBI Life Insurance, Tata AIG GIC, Bajaj Holdings and Investments, 35 other anchor investors
Representational image/IPO
Global investment firm Brookfield s Real Estate Investment Trust (REIT) has attracted Rs 1709.97 crore from 39 anchor investors. This was raised at the upper price band of Rs 275 per unit. The firm allocates 62,180,800 units.
The initial public offer (IPO) of Brookfield REIT will open today (on February 3) at a price band of Rs 274 to Rs 275. It will close on February 5.
Some of the 39 investors are HDFC Trustee Company / HDFC Balanced Advantage Fund (16.40 per cent of allocation), SBI Life Insurance Company (13.50 per cent of allocation), Tata AIG General Insurance Company (9.90 per cent of allocation), HDFC Life Insurance Company (8 per cent), Bajaj Holdings and Investments (4.4 per cent), Schroder Global Cities Real Estate (4.20 per cent), HDF
Ventura
All you need to know about Brookfield REIT IPO:
Bids can be made for a minimum lot of 200 units and in multiples of 200 units thereafter by bidders other than the units subscribed for by anchor investors.
The units are proposed to be listed on BSE and NSE.
The public issue s net proceeds will be utilised for partial or full pre-payment or scheduled repayment of the existing debt of asset special purpose vehicles.From marquee multinational clients to weak financials, high debt on books and potential slowdown in demand for commercial space here s what analysts have to say about the IPO