BTS Skytrain Carve-Out: The Return of the Infrastructure Trust Fund
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¥1,474 JPY
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セール価格
¥1,474 JPY
単価
あたり
In 2013, the long-delayed IPO of the Bangkok Mass Transit System Public Co. Ltd. (BTSC) took place, but in an unusually complex form. Instead of selling the shares of the company that owned the elevated railway concession, what was offered were investment units in Thailand's first publicly listed infrastructure mutual fund: the BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF). Proceeds from the IPO were used to acquire from BTSC the rights to the net farebox revenue generated from the railway. The investment exposed investors not only to the operating risk of the railway but to other types such as political risk.
【書誌情報】
ページ数:32ページ
サイズ:A4
商品番号:HBSP-INS951
発行日:2015/6/29
登録日:2015/8/7