Deals
Behind a Record $1.6 Billion Philippine IPO, a Plan to Tame Debt
- Metro Pacific to use most of hospital IPO proceeds to pay debt
- This will sustain push in toll roads, light railways, power
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Philippine businessman Manuel Pangilinan, who ran into trouble with a borrowing binge two decades ago, is pursuing the biggest-ever Philippine initial public offering in order to reduce the risk of a repeat.