APTT lodged its preliminary prospectus and is currently doing book building for its IPO.
My broker from DBS sent me the book building term sheet and here are the key terms.
Offering size - 1,393,696,000 units.
Cornerstone - 451,068,000 units. (about 31.4% of offering size)
Placement tranche - 917,628,000 units
Public offering - not less than 25m units.
Book building price range - $0.92 to $1.00 per unit
Distribution yield - FY2013 8.93% to 9.71%
- FY2014 8.25% to 8.97%
Cornerstone investors:
- Asian Century Quest
- Capital Research and Management
- Eastspring Investments (part of Prudential)
- Indus Capital
- Lion Global Investors
- Neuberger Berman
- Och Ziff
- Signature Global Advisors
- Quantum Partners (Soros)
The book building will close on May 15 and after the price is set, the public offer will start on ...
