Economy 1 MIN READ

Philippines’ Citicore prices $125 mln IPO

January 27, 2022By 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)

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