Top Line Business Development Corp. Series A-2 and A-1 Preferred Shares (TOPA1, TOPA2) Follow-on Public Offering Details
The Philippine Stock Exchange has approved the shelf registration of up to 150,000,000 Series A Perpetual Preferred Shares of Top Line Business Development Corp. (“TOP” or the “Company”), each with a par value of Php0.10 per share. From this shelf, up to 15,000,000 shares will be offered under the initial tranche (the “Offer Shares”), consisting of Philippine Peso-denominated, cumulative, non-voting, non-participating, non-convertible, redeemable, and reissuable perpetual preferred shares.
Details of the offering are as follows:
| Offer Period: | June 4, 2026 – June 16, 2026 |
| Offer Price: | Php 100.00 |
| Dividend Rates: | Series A-1 – TOPA1 – 9.1325% per annum Series A-2 – TOPA2 – 9.5981% per annum |
| Internal Offer Period: | June 4, 2026 – June 9, 2026, at 12nn |
| Tentative Listing Date: | June 26, 2026 |
| Subscription: | Minimum of 500 offer shares and in multiples of 10 firm shares |
Details of the FOO and subscription link are accessible through the site until 12:00NN of June 9, 2026.
To subscribe, kindly follow the steps below:
1. Login to your BPI Trade Online account.
2. Go to the “eReserve: TOPA1 FOO” or “eReserve: TOPA2 FOO” tab.
3. Click Next.
4. Fill-out Subscription Form including the number of shares to avail.
5. Tick “I confirm with the above details of subscription.”
6. Click Next.
7. After clicking “Next”, you will be redirected to a screen confirming your subscribed shares.
8. Click Submit.
The Final Offer Terms Sheet dated June 3, 2026 is available for downloading on PSE Edge website.
