Asian Pay Television Trust APTT started the institutional bookbuilding yesterday for its initial public offering in Singapore, aiming to raise up to S$1.39 billion $1.1 billion. The trust will comprise the pay TV and broadband businesses of the Taiwan Broadband Communications group.
On the back of the volatile global markets, yield plays offer investors an attractive option, as was seen in Mapletree Greater China Commercial Trust’s popular $1.3 billion IPO in February. APTT’s offering is one of three separate business trust IPOs eyeing a listing in Singapore at the moment. The other two deals are expected to be smaller, and they are Investec Aviation Trust, an airline...
¬ Haymarket Media Limited. All rights reserved.
