Oct 2 Japanese retailer Aeon Co Ltd
plans to raise about 90 billion yen ($917 million) by listing a
commercial-property REIT on the Tokyo Stock Exchange (TSE) as
early as next month, the Nikkei said on Tuesday.
Aeon would raise around 170 billion yen by bank borrowing
and the REIT's listing, which would be the third-biggest debut
by a Japanese REIT this year, the business daily said.
More than 15 Aeon properties, including its biggest Aeon
LakeTown mall in Saitama Prefecture and shopping centers in
Malaysia, would be sold to the REIT and then leased back, the
Use from the proceeds would be used to open new stores, the
($1 = 98.1000 Japanese yen)
(Reporting by Avik Das in Bangalore; Editing by Don Sebastian)