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National Grid Corp. of the Philippines is planning an initial public offering that could raise as much as $1 billion, according to people with knowledge of the matter. The high-voltage electricity network operator, commonly known as NGCP, has invited several banks to submit proposals for the share sale in Manila, said the people, who asked not to be identified as the information is private. At $1 billion, NGCP’s IPO would be the biggest ever in the Philippines, according to data compiled by Bloomberg. The deal would eclipse Robinsons Retail Holdings Inc.’s first-time share sale which rais...

Philippines’ National Grid Plans $1 Billion IPO Bloomberg 1/7/2021 Elffie Chew and Vinicy Chan © Bloomberg Electrical power lines hang from a transmission pylon in Danderyd, Sweden, on Monday, May 6, 2019. Electricity capacity issues could hit an economy already heading south after years of strong growth buoyed by household spending and exports. (Bloomberg) -- National Grid Corp. of the Philippines is planning an initial public offering that could raise as much as $1 billion, according to people with knowledge of the matter. The high-voltage electricity network operator...