• By The Financial District

A. Brown Bares Bond Float Of P1 Billion

A Brown Company, Inc. (A Brown) secured approval from the Philippine Stock Exchange (PSE) for the shelf-listing of up to 50 million preferred shares and the follow-on public offer of up to 15 million preferred shares.


Photo Insert: Xavier Estates by A. Brown Company, Inc.



For the first tranche, A Brown will offer 10 million preferred shares at an offer price of P100 per share or P1B worth with an oversubscription option of up to 5 million preferred shares worth P500 million.


On 11 November 2021, A Brown approved the issuance of the preferred shares with an initial dividend rate of 7.0% p.a. to be paid quarterly. The public offer period will run from November 15-19, 2021, with tentative listing scheduled on November 29, 2021.



The preferred shares will be listed on the Main Board of the PSE under a new ticker symbol “BRNP”. A Brown tapped PNB Capital and Investment Corp. as the Sole Issue Manager, Lead Underwriter, and Sole Bookrunner of the offer. Proceeds from the offering will be used to sustain the company’s expansion.


On the assumption of oversubscription, P600 million from the proceeds will support development of pipeline of real estate projects located in key cities in Luzon and Mindanao.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

P400 million will be allocated for strategic land banking initiatives in the areas of Tanay, Rizal, Cagayan de Oro City, Butuan City, and Bukidnon.


“Our focus continues to be on properties that underscore healthy, environment friendly and low dense communities with a focus on city, mountainside, agricultural, golf and sea resort, and lifestyle developments,” said Robertino E. Pizarro, President and CEO of A Brown.


Business: Business men in suite and tie in a work meeting in the office located in the financial district.

“This allows us to respond quickly to the changing demands of the market and sustain our niche developments.” A Brown is allocating up to P350 million from the proceeds to fund subsidiary Irradiation Solutions Inc.' Tanay E-Beam Facility Project, set to be the first commercial E-Beam facility to be built in the Philippines.


The commercial E-Beam project is seen by the company as a growth business that has the potential for expansion in key locations nationwide as the market develops.



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