The Securities and Exchange Commission (SEC) has approved A Brown Co. Inc.’s shelf registration for up to P12 billion in fixed-rate bonds, and cleared its initial offering under the program.
The first tranche offers up to P3 billion, with an oversubscription option of P2 billion — bringing the potential initial raise to P5 billion. It includes Series A (3-year, due 2029) and Series B (5-year, due 2031) bonds, sold at face value. Net proceeds could reach around P4.92 billion if the extra option is fully taken.
Funds will go to renewable energy projects, residential developments, share redemption, and general corporate use.
The offer period is June 22–26, with listing set for July 3 on the Philippine Dealing and Exchange Corp. PNB Capital serves as sole issue manager; it will also act as joint lead underwriter and bookrunner alongside Land Bank of the Philippines.
