Asian Pay Television Trust raises $1.1 billion from IPO

The Macquarie-sponsored business trust prices at a 2014 yield of 8.5% and allocates the great majority of the deal to cornerstones, anchors and long-only accounts in anticipation of a scale-back in favour of MIIF shareholders.

Asian Pay Television Trust raises $1.1 billion from IPO

Asian Pay Television Trust APTT has raised S$1.35 billion $1.1 billion from its initial public offering in Singapore after attracting solid demand and fixing the price above the mid-point of the range, at S$0.97.

APTT will have a single asset at the time of listing cable-TV company Taiwan Broadband Communications, which it is acquiring from two Macquarie funds and will be the first Singapore business trust to be backed by media assets.


FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ipo | business trust | media | pay tv | macquarie | miif | macquarie | jp morgan | cimb | dbs

Print Edition

FinanceAsia Print Edition