Premiere Island Power REIT Corp. of the Villar Group priced its initial public offering at P1.50 per share.
PREIT will raise P2.42 billion in proceeds from the sale of 1.4 billion secondary shares and another 210 million over-allotment shares based on the final price offer. China Bank Capital Corp. is the sole issue manager, underwriter and book runner for the IPO while RCBC Capital Corp. is a participating underwriter.
The company’s initial property portfolio consists of land and power plant assets utilized in the power generation projects of major shareholders Siquijor Island Power Corp. and Camotes Island Power Generation Corp.It aims to be among the leading diversified power and infrastructure REITs in the Philippines in terms of portfolio, profitability, growth, sustainability and dividend yield.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premiere REIT cuts IPO price - BusinessMirrorPremiere Island Power REIT Corp., the second real estate investment trust (REIT) of the Villar Group, has reduced its offer price by 25 percent to P1.50 from the previous indicative price of P2 per share. Premiere REIT has kept its offer size of 1.4 billion in secondary shares and 210 million overallotment option shares. Net
Source: BusinessMirror - 🏆 19. / 59 Read more »
Watch: Infinix NOTE 12 Pro 5G Full Review - Amazing for the price!
Source: GIZGUIDEPH - 🏆 17. / 59 Read more »
DTI Chief Pascual starts onsite market price watchDTI Sec. Fred Pascual started his onsite price watch with the pilot run of “Ikot Palengke” in Marikina City public market and supermarkets to tighten price and supply monitoring of BNPCs, ensure fair trading, and consumer protection amid high inflation.
Source: manilabulletin - 🏆 25. / 51 Read more »
EXPLAINER: Russia's tanker fleet too small to bypass oil price capMaintaining current seaborne flows of 3.5 million barrels per day would require about a third more oil tankers than Russia has access to, says analyst Alexei Gromov.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Oil inches up amid wrangling over Russian oil price capOil rose in early trade, trimming some of the week’s losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven nations on Russian oil will keep supply flowing. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Big-time fuel price rollback seen on TuesdayRodela Romero, assistant director of the DOE’s Oil Industry Management Bureau, said they were expecting price cuts of P1 to P1.20 per liter for gasoline; P3.50 to P3.70 per liter for diesel, and P2.20 to P2.40 per liter for kerosene. READ:
Source: inquirerdotnet - 🏆 3. / 86 Read more »