business trust

HK electricity trust to have at least $6.2bn market cap

Power Assets says the listing of its Hong Kong electricity business in the form of a trust is scheduled for January 29. The aim is to sell up to 70% to public investors, which implies a potential deal size of up to $5.7 billion.
December 17, 2013

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.
May 19, 2013

Croesus Retail Trust draws strong demand for IPO

A Singapore business trust with a portfolio of Japanese shopping malls, Croesus will raise $297 million from the fixed-price offering as investors load up on high-yielding equities.
May 02, 2013