MEGAWIDE Construction Corp. on Thursday listed P5 billion worth of fixed-rate bonds on the Philippine Dealing and Exchange Corp. (PDEx) following a successful fundraising exercise that saw the firm exercising an oversubscription option.
MEGAWIDE Construction Corp. on Thursday listed P5 billion worth of fixed-rate bonds on the Philippine Dealing and Exchange Corp. following a successful fundraising exercise that saw the firm exercising an oversubscription option.The firm received over P6.4 billion in tenders during the June 28 to July 4 offer period, representing an oversubscription rate of 1.6 times versus the base offer of P4 billion plus a P1 billion oversubscription option.Of the P5 billion raised, P3.
were the bond's joint issue managers, joint lead underwriters and bookrunners, while RCBC's Trust and Investment Group was the trustee.'PNB Capital, together with RCBC and SB Capital, congratulate Mr. Saavedra and the Megawide team,' PNB Capital Corp. President and CEO Gerry Valenciano.'They are able to demonstrate their agility to navigate through the challenges and take advantage of opportunities to come out stronger,' he added.
Raises P5B From Fixed-Rate Bonds
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