Campos family-led Del Monte Pacific Ltd.?s preferred share offering has been a success with the issue being oversubscribed. In a statement, DMPL said it raised $100 million from the second tranche of its preferred share offering. The company sold 10 million preferred shares at $10 each. The shares will carry an interest rate of 6.5 percent per annum over a five year period. Proceeds from the offering will be used to pay the outstanding bridge loan facility extended by BDO Unibank which is due in February 2019. The offering is part of the shelf registration of up to 36 million perpetual, cumulative, non- voting, non-participating, non-convertible and redeemable Series A preferred shares previously approved by the Securities and Exchange Commission and The Philippine Stock Exchange. The initial tranche offer, which comprised 20 million preferred shares, was completed in April 2017 and generated about $200 million. These shares were the first US Dollar-denominated securities to be listed in the Philippines.