Sunday 21 October
Powered by Ajaxy
Mar 9, 2018 @ 19:03

NLEX readies P25B bond offering

 

NLEX Corp. is seeking the approval of the Securities and Exchange Commission to issue P25 billion worth of bonds under shelf registration.

The company will initially offer P6 billion bonds, which were assigned a rating of PRS Aaa by local credit watchdog Philippine Rating Services Corp.

Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong.

Proceeds from the offering will be used to primarily fund the company’s upcoming projects.

NLEX earlier set a capital spending program of P19 billion to build the urban portions of North Luzon Expressway, such as Harbor Link Segment 10 (including the R10 Section in Dagat-Dagatan, Navotas City) and the NLEx-SLEx connector road project.

Please follow and like us:

Tags: , , , , , ,

Related Stories
ISM Communications Corp. is raising its capitalization to a whopping P75 billion from a meager
The oil refining subsidiary of San Miguel Corp. obtained the Securities and Exchange Commission’s approval
Less than a week after settling fraud charges with the US Securities and Exchange Commission,
Consumer giant San Miguel Food and Beverage Inc. has obtained the Securities and Exchange Commission’s


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.