The Securities and Exchange Commission (SEC) said Friday it approved the P4-billion retail bond offering of Megawide Construction Corp.
Megawide plans to offer up to P3 billion of 3.5-year Series A bonds due 2026 and five-year Series B bonds due 2027, with an oversubscription option of up to P1 billion, based on the filing with the SEC.
Megawide plans to use the proceeds from the bond offering to repay Megawide’s short-term debt and fund capital expenditures and general corporate requirements.
The bond offering period will start on July 28 to August 5, 2022. Listing on bonds Philippine Dealing & Exchange Corp. is tentatively set on August 17, 2022.
Megawide engaged RCBC Capital Corp. and SB Capital Investment Corp. as joint issue managers, joint lead underwriters,and bookrunners of the bond offering.