Arthaland raises $34.3M in oversubscribed Philippine preferred-share offering
What's the deal? Arthaland Corporation (ALCO)Dealroom has a profile for this one. Try Dealroom →, a Philippine sustainable real estate developer, raised US$41.9M through a follow-on offering of preferred shares. Its Series G (ALCPG) and Series H (ALCPH) preferred shares began trading on the Philippine Stock Exchange (PSE)Dealroom has a profile for this one. Try Dealroom → on October 2, 2026.
The details: The offering was 1.43 times oversubscribed. Dividend rates are set at 8.125% per annum for Series G and 8.75% for Series H.
What's the money for? ALCO will primarily use the proceeds to redeem its Series D preferred shares.
Why it matters: PSE President and chief executive officer Ramon S. Monzon said the demand came "amid continuing market volatility," calling it "a clear affirmation of the market's confidence in ALCO's vision, its disciplined execution, and its leadership in sustainable real estate development."
The signal: By refinancing older preferred shares with fresh capital at fixed dividend rates, ALCO is managing its balance sheet rather than funding new growth — and the oversubscription suggests investor appetite for yield-bearing Philippine equity remains intact despite market turbulence.
Read more: pse.com.ph
Image credit: Jun Acullador
