NLEX Corp seeks regulator approval for bond sale

ABS-CBN News

Posted at Mar 09 2018 11:00 AM

MANILA - Metro Pacific Investments Corp said Friday its indirect tollway subsidiary sought regulator approval to sell up to P6 billion in fixed rate bonds.

An initial P4 billion in bonds will be sold by NLEX Corp, with an oversubscription option of up to P2 billion, MPIC told the stock exchange.

NLEX Corp asked the Securities and Exchange Commission to approve its bond program worth up to P25 billion, MPIC said.

Shares of MPIC were up 0.86 percent compared to a 0.12 percent rise in the main index.