The Securities and Exchange Commission has approved the P5 billion proposed bond sale by Megawide Construction Corp. for refinancing, development and other corporate activities.
The greenlight covers P4 billion in fixed-rate bonds with an oversubscription option of up to P1 billion.
The three-year C bonds due 2027, five-year D bonds due 2029 and seven-year E bonds due 2031are projected to attract net proceeds of P4.93 billion. For sale at face value from 24 June to 3 July this year, these are set for listing at the Philippine Dealing and Exchange Corp. on 11 July based on the timetable submitted to the SEC.
PNB Capital and Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp. are joint issue managers, joint lead underwriters, and bookrunners.
