ABS-CBN to raise P4B in new funds from PDR, equity placement
Capital International Private Equity Fund VI, L.P. (Cipef) and affiliated funds completed its subscription amounting to P2.5-billion worth of new Philippine deposit receipts (PDRs) to be issued by ABS-CBN Holdings Corp., which will in turn subscribe to the same number of newly issued common shares of the broadcasting firm. “We are glad to have earned