Ayala Land wins initial nod for debut Philippine Reit IPO

By Jonathan Breen
14 Jul 2020

Ayala Land Real Estate Investment Trust (AReit) has got the preliminary greenlight from the Philippines’ securities regulator for the country’s first Reit IPO.

The Reit won “pre-effective approval” from the Securities and Exchange Commission on July 10, according to a stock exchange filing by sponsor Ayala Land on Tuesday.

AReit is planning to list 456.9m units at up to Ps30.05 ($0.61) apiece, which would net the trust Ps13.7bn. It could boost ...

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