NetLink launches SGX’s biggest infra trust

SingTel’s passive infrastructure business seeks up to $1.95 billion from IPO, set to offer dividend investors another choice of defensive asset.

NetLink launches SGX’s biggest infra trust

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...

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