media

The US family that established the eponymously named Forbes magazine has launched a lawsuit against Integrated Whale for non-payment of a loan.

The Macquarie-sponsored business trust prices at a 2014 yield of 8.5% and allocates the great majority of the deal to cornerstones, anchors and long-only accounts in anticipation of a scale-back in favour of MIIF shareholders.

The business trust with a focus on media assets seeks to raise up to $1.1 billion, with a price range indicating a 2014 yield of more than 8%.

Yield-hungry investors will get new asset classes to focus on when Asian Pay Television Trust, Investec Aviation Trust and Japan shopping mall-focused Croesus Retail Trust hit the market in the next week or so.

The block trade attracts good interest and is upsized by more than 30% to $93 million.

The cable-TV operator will be the largest new listing in Korea so far this year after fixing the price at W16,000 per share.

The cable-TV operator is the first Korean company to target international investors with an IPO this year.

The Ananda Krishnan-backed pay-TV operator attracts 16 cornerstones and $10 billion of demand from other institutional investors.

The pay-TV company starts bookbuilding today for the latest large offering in Malaysia.