True fund starts roadshow for up to $1.48bn IPO

The Thai telecom infrastructure fund will have a total value of $1.8 billion and comes with a fixed forward yield of 8.8%.

True fund starts roadshow for up to $1.48bn IPO

True Telecommunications Growth Infrastructure Fund True GIF has launched the management roadshow for its initial public offering and is aiming to start the institutional bookbuilding on Wednesday, subject to a final approval from the Thai regulators.

The fund, which is being set up by Thai telecom operator True Corp, will have a total value of Bt58 billion $1.8 billion and, since the sponsor will subscribe to at least 18%, the maximum deal size targeted to...

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