MANILA, Philippines – Property and mining firm A Brown Company Inc. has secured regulatory clearance for its planned multiyear bond fundraising, paving the way for an initial offer of up to P5 billion.
In a statement on Wednesday, the Securities and Exchange Commission (SEC) said it had favorably considered the company’s debt securities program and rendered effective the registration statement covering the shelf registration of up to P12 billion in fixed-rate bonds.
READ: A Brown plans P12-B multiyear bond sale
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The approval remains subject to compliance with certain remaining requirements.FEATURED STORIES
