Urban developer Megaworld Corporation has successfully priced its US$350 million Reg S only US dollar-denominated Senior Unsecured Fixed Rate Notes offering with a 7-year tenor and a coupon rate of 4.125 percent.
In a disclosure to the Philippine Stock Exchange, the firm said the Notes will be listed on the Singapore Exchange Securities Trading Limited.
Proceeds from the issuance of the Notes are intended for general corporate purposes, which include, among others, financing capital expenditure, land banking and refinancing of loans. Citigroup Global Markets Limited and The Hongkong and Shanghai Banking Corporation Limited have been appointed as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners, and Credit Suisse (Singapore) Limited and J.P. Morgan Securities plc as Joint Bookrunners. BDO Capital & Investment Corporation has been appointed as Domestic Lead Manager.