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IPO of Babcock & Brown Structured Finance Fund
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ralphguy
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14-Dec-2006 17:15
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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. |
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ralphguy
Member |
14-Dec-2006 17:14
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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. |
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cfmrocks
Member |
14-Dec-2006 13:01
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hello everyone.. Nobody is interested in this IPO at all? Any takes on it? |
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Sporeguy
Elite |
13-Dec-2006 21:16
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What is the NTA ? |
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Sporeguy
Elite |
13-Dec-2006 21:13
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What is the PE ratio? |
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zhuge_liang
Supreme |
13-Dec-2006 20:49
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Biofuels is one promising area. |
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zhuge_liang
Supreme |
13-Dec-2006 20:46
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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. |
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zujzuj
Senior |
13-Dec-2006 10:55
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The email came in real late n I was lucky to see it. They only gave us 2 hrs to apply....crazy |
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battledome64
Member |
13-Dec-2006 10:52
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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? |
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ralphguy
Member |
13-Dec-2006 10:43
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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. |
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zujzuj
Senior |
13-Dec-2006 10:15
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Yes.. I did This morning Straits Times got report on this fund...for those interested...can go read it. Promise 9% yield in 2007 |
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MichelleSin
Member |
13-Dec-2006 07:30
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zujzuj how did u apply placement through DBS? |
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zujzuj
Senior |
12-Dec-2006 17:24
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Here's more info Offer price - SGD 1.060 http://www.babcockbrown.com/media/186732/bbsff%20launch%20final.pdf |
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zujzuj
Senior |
12-Dec-2006 17:17
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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. |
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ralphguy
Member |
12-Dec-2006 16:15
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any opinions on this new IPO? this seems to be a fund but how come it can become IPO? |
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