The offer marks Globe’s return to equity capital markets after two decades since it last raised equity from its shareholders.
Globe Telecom, the Philippine associate of SGX-listed Singapore Telecommunications (Singtel), has raised gross proceeds of 17.0 billion pesos ($410.6 million) through its rights offer.
In its statement dated Oct 28, Globe says it has formally listed 10.12 million common shares to shareholders that participated in the rights offer, pricing the shares at 1,680 pesos apiece.
