Philippines: ECM surge meets EM stress

San Miguel Food & Beverage files record-breaking equity deal as the country’s leading families consider spinning off assets to raise equity capital for infrastructure projects

“The equities market is very challenging in the Philippines but there are some interesting deals coming”

BY JACKIE HORNE
PHILIPPINES


One of the Philippines’ biggest conglomerates filed the country’s largest-ever prospective equity capital raising in August, praying the deal does not run headlong into a full-blown emerging markets crisis by the time it hits the market later this...

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