BDO Capital & Investment Corporation (BDO Capital) arranged the successful follow-on offering of Philippine conglomerate Alliance Global Group, Inc.'s (AGI) primary and secondary offer of common shares on June 18 at the Philippine Stock Exchange in Makati City.

President Gloria Macapagal Arroyo graced the ceremony, together with executives of PSE, SEC, AGI, Megaworld, Emperador Distillers, and Golden Arches Development Corporation. DTI Secretary Peter Favila was also present during the event.

A total of 3.13 billion AGI shares were sold both in the international and domestic markets, with BDO Capital acting as Domestic Lead Underwriter and UBS AG as International Lead Underwriter.

AGI was restructured earlier this year to become the holding company for a group of businesses that are controlled by the family of Philippine developer Andrew Tan. It offers exposure to the food and beverage sector through the production of the country's best-selling brandy, Emperador, among other things. It also operates the McDonald's franchise in the Philippines and has a 46% controlling stake in leading real estate developer, Megaworld.

The deal itself confirms the budding interest in the company, having attracted about $1.8 billion worth of demand from more than 100 international investors. And this for a stock that sees just over $400,000 worth of trading on an average day.

The deal represents the largest follow-on share offer in the country (at P18.0 billion issue size) and the most demand ever generated for a recent Philippine equity transaction with an over-subscription of more than 7 times in both international and domestic markets.

Shown in photo are (L-R): PSE President Atty. Francis Ed Lim, SEC Commissioner Jenny Cueto, President Gloria Macapagal Arroyo, DTI Secretary Peter Favila, AGI Chairman & CEO Andrew Tan, AGI President & COO Kingson Sian, AGI Director & Emperador Distillers, Inc. President Winston Co, and Golden Arches Development Corporation President Kenneth Yang.