Del Monte Pacific raises $200M from preferred shares issue
Del Monte Pacific Ltd. said it has raised $200 million from the issuance of its dollar-denominated preference shares.
In a disclosure to the stock exchange, Del Monte Pacific said the offering was oversubscribed by 33.33 percent, with a total volume of 20 million series A-1 preference shares sold at $10 per share.
The issuance of Del Monte Pacific’s Series A-1 preference shares had BDO Capital and Investment Corp., China Bank Capital Corp., PNB Capital and Investment Corp., and RCBC Capital Corp. as joint lead underwriters.
BDO Capital was the sole issue manager.
Del Monte Pacific’s Series A-1 Preference shares will be issued and listed on the Philippine Stock Exchange on April 7, 2017 under the trading symbol of “DMPA1”.