Frasers Commercial Trust raises equity

Singapore-listed Frasers Commercial Trust FCOT provided S-Reit investors with a rare opportunity to pick up new paper from the sector on Thursday with a S$140.1 million $102 million deal to fund the acquisition of an office block in Australia.

So far this year, there has only been one S$525 million equity offering for Keppel Infrastructure Trust in late May. The following month Canadian financial services group Manulife was forced to postpone its S$569 million initial public offering because of volatile markets. 

Since April, the FTSE S-REIT Index has not performed well, falling 6.2% on worries that an imminent rate hike in the US may dampen investor...