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Tuesday, March 19, 2024

CREIT confident on P10.1-b IPO

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Citicore Energy REIT Corp., the country’s first energy-focused real estate investment trust, is bullish about investor interest in its P10.1-billion initial public offering next month.

“We are finally closing on our main goal, which is the listing date, and completing all the prerequisites to ensure a smooth process and transactional flow after receiving the green light from regulators. We hope to receive strong and positive feedback from our investor roadshows and marketing initiatives, which we believe will be key to ensure CREIT’s successful IPO,” said CREIT president and chief executive Oliver Tan in a statement.

Members of the underwriting syndicate for the REIT IPO include Unicapital Inc., BDO Capital and Investment Corp., PNB Capital and Investment Corp., Investment & Capital Corporation of the Philippines, CLSA Limited and CIMB Investment Bank Bhd (international bookrunners).

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