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Published May 26, 2021, 3:58 PM
Food and beverage firm Monde Nissin Corporation announced that its P54.89 billion initial public offering has been “multiple” times oversubscribed.
The firm offered 3.6 billion of its common shares at P13.50, with an over allotment option of a further 540 million shares granted by the Selling Shareholder.
“The Offering received overwhelming interest from global institutional investors and long-only funds, as well as strong demand from Philippines-based investors, resulting in an international and domestic book building process that was multiple times oversubscribed,” Monde Nissin said without providing figure.
The IPO is the largest ever on the Philippines Stock Exchange and the largest food and beverage IPO in Southeast Asia.
Clifford Chance advises investors on Cebu Pacific’s private placement of US$250 million convertible bonds
12 May 2021
Clifford Chance advises investors on Cebu Pacific’s private placement of US$250 million convertible bonds
Leading international law firm Clifford Chance has advised International Finance Corporation, IFC Emerging Asia Fund, LP and Indigo Philippines LLC, an affiliate of private equity firm Indigo Partners LLC, on the private placement of US$250 million convertible bonds due 2027 by low-cost carrier Cebu Air, Inc. (Cebu Pacific) listed on the Philippines Stock Exchange. The bonds are convertible into common shares of Cebu Pacific. The shares issued as a result of the conversion of the convertible bonds will be listed on the Philippines Stock Exchange.