Metro Pacific Tollways Corp. (MPTC) raised P20 billion from a fixed-rate bond sale, securing capital to fund existing and new tollway projects while simultaneously reducing the company’s debt.
The debut public issuance for MPTC in the Philippine capital markets was oversubscribed by more than 3.0 times its base issue size of P15 billion, demonstrating strong investor confidence.
The company said the funds are earmarked for vital infrastructure development, including the continuing construction and maintenance of major expressways such as the Manila Cavite Expressway (CAVITEX) and the Cavite Laguna Expressway (CALAX), as well as accelerating the development of new projects like the future Lapu-Lapu Expressway (LLEX).
It said it would also be used the capital for new investments and general corporate needs.
MPTC president and chief executive Gilbert Santa Maria affirmed the company’s commitment. “The strong take-up was driven by the confidence of our institutional and retail investors,” he said.
“Building on this trust, we remain committed to supporting the country’s economic growth through the construction of the Manila-Cavite Expressway, Cavite-Laguna Expressway, and accelerating the development of new projects such as the Lapu-Lapu Expressway and others,” said Santa Maria.
The bonds were rated PRS Aaa with a stable outlook by Philippine Ratings Services Corp. on Sept. 26, 2025. They are now tradable on PDEx with interest to be calculated on a 30/360-day count basis and paid quarterly in arrears.
BPI Capital Corp. and First Metro Investment Corp. served as the joint issue managers, and together with BDO Capital & Investment Corp., China Bank Capital Corp., PNB Capital and Investment Corp. and Security Bank Capital Investment Corp., acted as the joint lead underwriters and joint bookrunners for the offer.
MPTC’s portfolio of expressways includes CAVITEX, the North Luzon Expressway (NLEX), Subic-Clark-Tarlac Expressway (SCTEX), CALAX, Cebu-Cordova Link Expressway (CCLEX) and the NLEX Connector. MPTC also holds investments in the ASEAN region and provides digital transformation and mobility innovation services through its subsidiaries.
 raised P20 billion from a successful fixed-rate bond sale, with proceeds targeted for major tollway projects including CAVITEX, CALAX and LLEX, as well as debt reduction.){kind=link}