The offering covers up to 20 million preferred shares, with an oversubscription option of 10 million shares, priced at up to P100 apiece.
Proceeds will be channeled toward debt refinancing, project funding, and general corporate needs as the builder continues to strengthen its balance sheet.
“The offer period will run from October 30 to November 10, in time for listing on the main board of the Philippine Stock Exchange on November 19, according to the latest timetable submitted to the SEC,” the regulator said.
PNB Capital, RCBC Capital, and Security Bank Capital are serving as joint issue managers, lead underwriters, and bookrunners for the transaction.
—Edited by Miguel R. Camus
