Published March 17, 2021, 5:00 AM
Aboitiz Power Corporation has secured the approval of the Philippine Dealing and Exchange Corporation (PDEx) for the listing of its P8.0 billion Series ‘A’ bond issuance, which has an allotment for oversubscription.
“The PDEx approval paves the way for the secondary market trading of the Series ‘A’ bonds, with a fixed interest rate of 3.8224% per annum,” the company has stated in its disclosure to the Philippine Stock Exchange.
The bond issue is to mature in 2026; and this is part of the P30 billion fixed rate retail bonds that Aboitiz Power had registered with Securities and Exchange Commission (SEC) on March 1 this year.
Monde Nissin files registration application with Philippine SEC for initial public offering 5th March 2021
ANTARA/Business Wire
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Makati City, Phillippines (Antara/Business Wire)- Monde Nissin Corporation (“Monde Nissin”) today announced that it has filed a registration statement with the Philippine Securities and Exchange Commission relating to a proposed initial public offering of its Common Shares (the “Offer”). Monde Nissin plans to issue up to 3,600,000,000 shares, at a price of up to Php17.50 per share. A maximum amount of gross proceeds of Php63 billion may be expected from the Offer, excluding proceeds from the exercise of an over-allotment option of up to 15% of the 3,600,000,000 offer shares. Typically, underwriting discounts and commissions, and other offering expenses payable by Monde Nissin are expected to be deducted from the gro
By JON VIKTOR D. CABUENAS, GMA News
Published March 4, 2021 6:07pm Food maker Monde Nissin Corporation which owns the Lucky Me! brands is set to generate some P63 billion, in what could be the biggest initial public offering in the Philippine market to date. Monde Nissin plans to offer 3.6 billion shares at as much as P17.5 apiece based on its prospectus filed with the Securities and Exchange Commission (SEC) dated March 2, 2021. It has also set an overallotment option of 540 million shares. The company s Asia-Pacific Branded Food and Beverage Business includes instant noodles, biscuits, oyster sauce, and yogurt drinks under the brands Lucky Me!, SkyFlakes, Fita, Nissin, M.Y San Grahams, Mama Sita s, and Ditch Mill.
Published March 4, 2021, 4:54 PM
Monde Nissin Corporation, manufacturer of popular food and beverage products such as Lucky Me! instant noodles and Sky Flakes, is raising up to P72.5 billion from its planned initial public offering.
The Securities and Exchange Commission said it has received the registration statement of Monde Nissin Corp. for the IPO of up to 3.6 billion new common shares at an offer price of up to P17.50.
It will also have an overallotment option of up to 540 million common shares consisting of secondary shares being sold by shareholder Henry Soesanto.
About 70 percent of the IPO shares will be sold to domestic and international institutional investors, including cornerstone investors, while the remaining 30 percent will be sold through the Philippine Stock Exchange’s trading participants and to local small investors.
The company behind popular Filipino food brands Lucky Me! and SkyFlakes files for an initial public offering of its shares of stock with the Securities and Exchange Commission to raise up to ₱63 billion.