After 2004's record volumes, the lack of any transactions from Singapore in the first couple of months this year has certainly been disappointing. Fortunately, the wait is almost over as Suntec Real Estate Investment Trust is set to launch an 327 million ($437.9 million) CMBS via JPMorgan Securities.

The currency of the bonds indicates the lead manager will look to exploit the extensive European interest in Singaporean CMBS. Most of the last year's CMBS offerings placed with European accounts, attractive yields offered for highly rated, good quality assets attracted buyers.

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