MAPLETREE GREATER CHINA COMMERCIAL TRUST SGD 7YR - New Mapletree Greater China Commerical Trust SGD 7yrs announced - Expected issue rating: Baa1 (Moody’s) - Price: 3.20% Comps: CCT 2.98 02/2021 (Baa1 by Moody’s) – 100.50, 2.90% Mapletree Industrial Trust 3.75 2019 (BBB+ by Fitch) – 104.50, 2.68% Mapletree Industrial Trust 3.65 2022 (BBB+ by Fitch) – 101, 3.50% This was the largest IPO of 1H13 last year, launched to great fanfare, hype and expectations with its unique ticker as MAGIC on Bloomberg. It’s stock price rose, as expected for all government linked IPOs, and tanked and tanked even more before recovering to cost currently. [Deal stats : 8.9 times oversubscribed on retail tranche and 38.1 times oversubscribed on the institutional tranche] Ironically, it is the famous Festival Walk, that forms half its portfolio of 2 assets, that had its ......