Budweiser to Metro Pacific: Asian firms using IPO proceeds to pare debt

Metro Pacific Investments plans to use most of its proceeds from the biggest-ever Philippine IPO to repay debt.

The firm could receive as much as $1 billion from the listing of its unit Metro Pacific Hospital Holdings.

Metro Pacific’s deleveraging plan came on the heels of the world’s biggest share sales this year. 

Budweiser Brewing is using the $5 billion in proceeds from its Hong Kong IPO to repay debt, according to a listing prospectus. 

Embassy Office Parks REIT, backed by Blackstone, raised $689 million through a listing in Indian earlier in March, and used most of the money to cut debt.

In contrast, growth