DJ Asian Pay Television Trust Prices IPO at S$0.97/Unit; To Raise S$1.4B -Sources (2013/05/16 09:08AM)
SINGAPORE--Asian Pay Television Trust, owned by Taiwan's biggest pay-TV operator, Thursday priced its initial public offering in Singapore above the mid point of an indicative price range that will see it raise S$1.4 billion (US$1.1 billion), people with knowledge of the deal said.
The IPO, Singapore's second biggest so far this year, has been priced at S$0.97 a unit, the people said. The indicative price range was S$0.92-S$1.00 per unit.
Asian Pay Television Trust is an investment vehicle of Taiwan Broadband Communications, which is owned by two funds managed by Australia's Macquarie Group Ltd. -- the Macquarie International Infrastructure Fund (M41.SG), or MIIF, and Macquarie Korea Opportunities Fund. Both funds plan to sell their stakes to Asian Pay Television Trust.
A Macquarie spokeswoman declined to ......