Thursday 21 June
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.

Tags: , , , , , ,

Related Stories
NLEX Corp. has obtained the Securities and Exchange Commission's nod to issue P25 billion worth
The central bank approvied the name change that came with witty wordplay.
It's part of a global branding exercise.
The Securities and Exchange Commission has warned the public against investing in Organico Agribusiness Ventures


 

Trending News

Recommended on sister sites

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