METRO Pacific Investments Corp. (MPIC), the listed infrastructure vehicle of tycoon Manny Pangilinan, raised a total of $200 million (P8.87 billion) from an overnight share placement on Monday to reduce debt and fund investments in its railway and toll road businesses.

MPIC offered 1.812 billion new common shares priced at P4.90 each, the company said in two separate disclosures to the stock exchange.

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