The Singapore Exchange will soon add a mega yield-generating stock after Singapore Telecommunications launched on Tuesday a S$2.3 billion to $2.7 billion $1.7 billion to $1.95 billion initial public offering for NetLink NBN Trust, its fully-owned owns passive infrastructure unit.
NetLink is set to surpass Keppel Infrastructure Trust as Singapore’s biggest infrastructure trust, solidifying the Lion City’s dominance as a regional hub for yield-generating assets.
The deal also marks...