Metro Pacific to issue US$115 million bonds to fund expressway projects

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Metro Pacific to issue US$115 million bonds to fund expressway projects

Metro Pacific​ subsidiary NLEX Corp., owner of several toll road projects in the Philippines, has announced plans to raise an initial PHP6 billion (US$115.38 million) from the sale of fixed rate bonds to refinance maturing debt. The company earlier said its board approved the shelf registration, public offer and issuance of fixed rate peso bonds worth PHP25 billion (US$480.77 million).

Share this news

Content locked

In order to view this content, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.