JG Summit, the Philippine conglomerate, raised $200 million from an accelerated top-up in shares on Wednesday night at the bottom of the initial price range.
The deal consisted of 145.7 million primary shares offered at a price range of P61 to P64 per unit, representing a 12.7% to 8.4% discount to the January 20 closing price of P69.90 per share, according to a term sheet seen by FinanceAsia.
Strong share price performance last year ensured JG Summit experienced strong demand, particularly from domestic investors.
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