A Brown plans P12-B multiyear bond sale
Property and mining firm A Brown Company Inc. is planning a P12-billion fundraising via a multiyear bond offer.
In a regulatory filing on Monday, A Brown said this involves unsecured, unsubordinated peso-denominated bonds to be offered to the public.
A Brown plans an initial tranche of P3 billion, plus an oversubscription option of up to P2 billion.
The issuance will consist of: Series A bonds with a tenor of three years and Series B bonds with a five-year tenor.
PNB Capital and Investment Corp. and Land Bank of the Philippines serve as issue managers.
