Metro Pacific Tollways Corp. (MPTC) has raised ₱20 billion from its first public bond issuance, which was more than three times oversubscribed from its ₱15-billion base offer. The company will use the funds to support ongoing and future tollway projects, make new investments, and reduce existing debt.
MPTC said the money will help finance key expressways, including the Manila–Cavite Expressway (CAVITEX), Cavite–Laguna Expressway (CALAX), and the planned Lapu-Lapu Expressway (LLEX). The company’s wider portfolio includes major toll roads such as NLEX, SCTEX, CCLEX, and the NLEX Connector.
President and CEO Gilbert Santa Maria said the strong investor demand reflects confidence in the company’s role in national infrastructure development.
The bonds received the highest local credit rating—PRS Aaa with a Stable Outlook—from the Philippine Ratings Services Corp. and are now listed on PDEx, with interest paid quarterly.
BPI Capital and First Metro served as joint issue managers, alongside several major banks that acted as joint lead underwriters and bookrunners. MPTC also continues to expand its regional tollway investments and digital mobility services.
