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.
<div style="text-align: left;"> APTT will have a single asset at the time of listing — cable-TV company Taiwan Broadband Communications </div>
<div style="text-align: left;"> APTT will have a single asset at the time of listing — cable-TV company Taiwan Broadband Communications </div>
May 20, 2013

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.

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