Religare Health Trust ("RHT" or the "Trust") is doing its book building now. I will do a more detailed write up when it is finally launched.

The offering statistics are as follows:
Issuer: Religare Health Trust
Sponsor: Fortis Healthcare Ltd
Issue size: 567,455,000 shares
Implied Yield 2013E : 8.46% to 9.10%
Implied Yield 2014E : 8.66% to 9.29%
Price range : $0.88 - $0.97
Expected Listing Date : 19 Oct

Just as a way of background, Fortis lost to Khazanah in 2010 over the battle of Singapore's Parkway. Fortis is now launching its Trust into the Singapore market.

RHT is the first business trust with an initial portfolio of healthcare assets in India to be listed on the mainboard here. It consists primarily of Indian healthcare assets (2 hospitals, 11 completed clinical established with another 4 in the pipeline).

My "off-the -cuff" comments:

Indian ......