• Frasers launched
Units in Frasers Hospitality Trust opened above their offer price after launch on the Singapore market. The listing raised Frasers around SGD368m, reports Bloomberg.

The vehicle is backed by income from six hotels and six serviced residences in Asia, Australia and the UK. Investors have been told to expect an initial dividend yield of 7% in the first year. 
Read the full story here:
http://www.bloomberg.com/news/2014-07-14/frasers-hospitality-trust-opens-higher-in-debut-singapore-mover.html
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