Post Reply
1-15 of 15
Babcock & Brown launches Singapore IPO
December 13, 2006 - 11:49AM
Investment firm Babcock & Brown has launched an initial public offering to list a new structured finance fund on the Singapore Stock Exchange.
Babcock & Brown Structured Finance Fund Ltd (BBSFF) is aiming to raise about $S342.88 million ($A283 million) through the issue of 323.46 million shares at $S1.06 ($A0.875) each.
Most of the shares will be offered in an international placement to investors, including institutional and other investors.
An offering of 6.47 million shares will be made to the Singaporean public.
Babcock & Brown said the institutional placement tranche of the offering was oversubscribed.
Dividends for the fund have been forecast at 9.54 Singapore cents (A7.88 cents) per share for 2007, providing a yield of nine per cent for 2007, plus an additional 0.52 Singapore cents (A0.43 cents) per share.
"The offer has been significantly oversubscribed reflecting the attractive dividend yield and the capital growth potential of the underlying assets in the initial portfolio," said Babcock & Brown chief executive, Phil Green.
BBSFF shares are expected to begin trading on December 20, 2006.
Babcock & Brown launches Singapore IPO
December 13, 2006 - 11:49AM
Investment firm Babcock & Brown has launched an initial public offering to list a new structured finance fund on the Singapore Stock Exchange.
Babcock & Brown Structured Finance Fund Ltd (BBSFF) is aiming to raise about $S342.88 million ($A283 million) through the issue of 323.46 million shares at $S1.06 ($A0.875) each.
Most of the shares will be offered in an international placement to investors, including institutional and other investors.
An offering of 6.47 million shares will be made to the Singaporean public.
Babcock & Brown said the institutional placement tranche of the offering was oversubscribed.
Dividends for the fund have been forecast at 9.54 Singapore cents (A7.88 cents) per share for 2007, providing a yield of nine per cent for 2007, plus an additional 0.52 Singapore cents (A0.43 cents) per share.
"The offer has been significantly oversubscribed reflecting the attractive dividend yield and the capital growth potential of the underlying assets in the initial portfolio," said Babcock & Brown chief executive, Phil Green.
BBSFF shares are expected to begin trading on December 20, 2006.
hello everyone.. Nobody is interested in this IPO at all?
Any takes on it?
What is the NTA ?
What is the PE ratio?
Biofuels is one promising area.
The fund is offering a 9% dividend yield next year, with potential for further upside. It announced an IPO of 323.46m shares at $1.06 each. The public offer, which opens today, comprises 6.47m public offer shares and 316.99m placement shares. Trading is slated to begin on 20 Dec, after the offer closes next Monday.
One of the fund's target sectors is "alternative assets" such as biofuels and song copyrights. Such funds give people a chance to invest in assets that are usually not listed.
The investment bank said investors can expect to receive total payout of 10.06 cents per share by end-2007. This comprises a dividend of 9.54 cents for 2007 - a 9% yield - plus an additional 0.52 cents for the period from listing date to 31 Dec this year.
The email came in real late n I was lucky to see it. They only gave us 2 hrs to apply....crazy
i was actually working when the ipo placement took place. How come i was only informed at 3pm yesterday but i didnt check mail...ah..what a miss
Babcock is the second biggest investment bank compared to macquire in australia?
Michelle, it is actually DBSvonline> IPO.
It is a placement that ended at 5pm yesterday. the public offer opens today via ATM or DBS ESA.
Yes.. I did
This morning Straits Times got report on this fund...for those interested...can go read it.
Promise 9% yield in 2007
zujzuj
how did u apply placement through DBS?
Here's more info
Offer price - SGD 1.060
http://www.babcockbrown.com/media/186732/bbsff%20launch%20final.pdf
Just applied for it thru DBS internet IPO placement.
Given the current market sentiments, this is a good IPO. Strong backing from Australia second largest bank. Worth applying for it. Don't see it gg under water.
any opinions on this new IPO?
this seems to be a fund but how come it can become IPO?