Metro Pacific Tollways Corp. (MPTC) has received pre-effective approval from the Securities and Exchange Commission (SEC) for its planned public offering of up to ₱15 billion in fixed-rate bonds, with an additional ₱5 billion oversubscription option. The bonds may be issued in up to three series with tenors of 3, 5, or 10 years.
Rated PRS Aaa (Stable) by Philippine Rating Services Corporation, the bonds will be offered at par, with quarterly interest payments calculated on a 30/360-day basis. The public offer period is set for November 17 to 21, 2025, with listing on the Philippine Dealing & Exchange Corp. expected on December 2, 2025, pending final SEC approval and regulatory clearances.
Proceeds from the bond sale will fund ongoing construction and maintenance of key infrastructure projects, including the CAVITEX, CALAX, and LLEX expressways, as well as refinance bridge facilities and support general corporate needs.
“This maiden bond offering strengthens MPTC’s liquidity and diversifies its funding sources,” said president and CEO Gilbert Santa Maria, emphasizing that the initiative supports the company’s infrastructure and nation-building goals.
BPI Capital Corporation and First Metro Investment Corporation serve as joint issue managers, alongside BDO Capital, China Bank Capital, PNB Capital, and Security Bank Capital as joint lead underwriters and bookrunners.
MPTC is the country’s leading toll road developer and operator, managing major expressways such as NLEX, SCTEX, CAVITEX, CALAX, CCLEX, and the NLEX Connector, and also maintains regional investments and mobility technology ventures across ASEAN.
