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Economy
1 MIN READ
Philippines’ Citicore prices $125 mln IPO
January 27, 2022
By Reuters
By Reuters
MANILA, Jan 27 (Reuters) – Philippines’ Citicore Energy REIT Corp on Thursday priced its initial public offering at 2.55 pesos ($0.05) per share, the company said in a stock exchange filing.
It will allow the country’s first energy-focused real estate investment trust listing to raise up to 6.4 billion pesos ($124.5 million).
($1 = 51.40 Philippine pesos)
(Reporting by Neil Jerome Morales
Editing by Ed Davies)
((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))
This article originally appeared on reuters.com