Sidley Austin has advised UBS as the sole global coordinator in connection with the recent follow-on offering by LT Group, a Philippine-listed conglomerate that raised approximately USD$912 million. The follow-on offering is the country’s largest ever equity sale, and is the second largest equity offering of any type in the Philippines.
The Sidley team was led by partner Alex Lloyd, whose practice focuses on debt and equity capital markets, including high yield debt offerings and initial public offerings. He was assisted by associates Benjamin Carale and Dorothy Dizon on this deal.
“We are pleased to have reached such a positive outcome on this significant transaction,” said Mr. Lloyd. “The economic strength of the Philippines is growing quickly. Our involvement in this transaction, in addition to also having advised UBS on the Philippines’ largest overnight share placement by GT Capital earlier this year, is a further reflection of Sidley’s strong capital markets capabilities in the Philippines as well as in the Southeast Asia region generally.”
