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SEC clears Monde Nissin s P72.45-billion IPO Apr 20, 2021 6:00 PM PHT The snacks and noodles maker aims to offer 3.6 billion common shares priced at P17.50 apiece. The offer also comes with an overallotment option comprising up to 540 million common shares. At the maximum price, Monde Nissin would raise P63 billion in total gross proceeds from the primary offer alone. Assuming that the overallotment option is fully exercised, the total gross proceeds could reach as much as P72.45 billion, making it the Philippines largest IPO ever. Monde Nissin expects to raise P60.6 billion from the primary offer. Of the amount, the company will use P26.5 billion for capital expenditures, P17.3 billion for the redemption of a convertible note, and P16.8 billion for repayment of loans. ....
Published April 13, 2021, 5:10 PM Leading oil firm Petron Corporation will be tapping the capital market for fresh round of US$550 million worth of senior perpetual securities issuance, the proceeds of which will be used for the company’s settlement of financial obligations falling due and to fund operations as well as programmed projects. Tapped as sole global coordinator has been HSBC; while joint lead managers and joint bookrunners for the issue would be DBS Bank; HSBC; MUFG; SMBC Nikko; Standard Chartered Bank and UBS. The domestic lead managers are BDO Capital & Investment Corporation, China Bank Capital Corporation and PNB Capital and Investment Corporation. ....
Published March 2, 2021, 5:00 AM Real estate developer Century Properties Group, Inc. has raised P3.0 billion in fresh funds from its latest bond offering, P1 billion more than its initial target because the offer was twice oversubscribed. CPG said the three-year unsecured Peso-denominated fixed rate retail bonds, carrying a coupon rate of 4.8467 percent per annum, were well received by investors that CPG had to exercise its P1.0 billion oversubscription option from a base size of P2.0 billion. CPG Chief Finance Officer and Head for Investor Relations Ponciano S. Carreon, Jr. said significant interest in the offering moved the pricing at the tighter end of the marketing spread range. ....
AC Energy hastens offer period in SRO mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published December 23, 2020, 7:30 AM Ayala-led AC Energy Philippines Inc. (ACEN) has slated February next year as the offer period for its stock rights offering (SRO), in which 2,267,580, 434 common shares will be issued. The stock listing has been priced at P2.37 per share, based on approval that it had secured for its SRO from the Securities and Exchange Commission; and then the Philippine Stock Exchange. The shares to be issued shall be as of record date January 13, 2021; and the offer period will kick off on February 1 and will end by February 5. The Ayala firm previously emphasized that the stock rights offering will comprise of two rounds and will be followed by a domestic institutional offer. ....