NetLink NBN Trust lodges prelim prospectus with MAS for $2.7 bil IPO

SINGAPORE (June 27): Singtel announced that NetLink NBN Management, the trustee-manager of NetLink NBN Trust, has lodged a preliminary prospectus with the Monetary Authority of Singapore in connection with the initial public offering and listing of NetLink NBN Trust on the Singapore Exchange.

NetLink is offering 2.9 billion units in an indicative range of 80 cents to 93 cents each, putting the total deal at up to $2.7 billion, reported IFR, a Thomson Reuters publication, citing a term sheet of the transaction.

Singtel, Southeast Asia's largest telco, tapped DBS Group, Morgan Stanley and UBS AG to handle the IPO, expected to take place in the third quarter of 2017.

---

Related Stories

• Singtel denies report it is 'exploring options' over Australia unit
• KKR, Bain Capital plough into Asia data centres on AI, Cloud boom
• With IMDA price review complete, analysts cheer 'long-award closure' for 'very attractive' Netlink NBN Trust

---