Asian Pay Television Trust launches Singapore IPO

The business trust with a focus on media assets seeks to raise up to $1.1 billion, with a price range indicating a 2014 yield of more than 8%.

Asian Pay Television Trust launches Singapore IPO
Asia Pay Television Trust will comprise the pay TV and broadband businesses of Taiwan Broadband Communications

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...

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