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S7OU - Asian Pay Television Trust News Story

S$0.11 0.0  0.9%

Last Trade - 8:58am

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £105.7m
Enterprise Value £885.4m
Revenue £163.8m
Position in Universe 3012th / 6137

BRIEF-Asian Pay Television Trust Says Total Annual Interest Costs Expected To Be Lower By About S$9 Mln From 2019

Mon 26th November, 2018 3:11pm
Nov 26 (Reuters) - Asian Pay Television Trust  ASIA.SI :
    * FOLLOWING SUCCESSFUL REFINANCING, TOTAL ANNUAL INTEREST
COSTS
EXPECTED TO BE LOWER BY ABOUT S$9 MILLION FROM 2019
    * "TO SUPPORT DEBT MANAGEMENT PROGRAMME, APTT WILL PAY MORE
CONSERVATIVE DISTRIBUTIONS TO UNITHOLDERS"
    * DISTRIBUTION IS EXPECTED TO BE 1.20 CENTS PER UNIT FOR
2019 AND
2020
    * NEW DISTRIBUTION LEVEL IS EXPECTED TO BE 0.30 CENTS PER
UNIT PER
QUARTER BEGINNING FROM Q4 OF 2018 THROUGH TO 2020
    * GEARING RATIO IS EXPECTED TO PEAK AT NEARLY 8 TIMES NET
DEBT TO
EBITDA BY 31 DECEMBER 2018
    * "WE EXPECT OUR DEBT LEVELS AND GEARING RATIO TO GRADUALLY
DECLINE STARTING FROM 2019"

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ2XkgPJ
Further company coverage:  ASIA.SI 

 ((Reuters.Briefs@thomsonreuters.com;))
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