Saturday 21 July
Powered by Ajaxy
Jun 20, 2018 @ 13:27

SEC approves NLEX’s P25B bond offering


NLEX Corp. has obtained the Securities and Exchange Commission’s nod to issue P25 billion worth of bonds to help fund its tollroad projects .

The three-year bonds will be issued in tranches with the first one involving the sale of up to P6 billion bonds.

Proceeds from the offering will be used ill fund the R-10 Section project and for other general corporate purposes.

R-10 is a 2.6-kilometer elevated toll road, which will extend the C-3 road exit ramp of Segment 10 to R-10 Road near Port Area, Manila.

Tags: , , , ,

Related Stories
The Securities and Exchange Commission has granted Timberland Sports & Nature Club’s petition for voluntary
Poultry integrator Vitarich Corp. obtained regulatory approval to restructure its equity to wipe out its
The Securities and Exchange Commission has warned the public against dealing with Freedom Traders Club,
The Securities and Exchange Commission’s electronic registration program failed to live up to its objectives


Trending News

Recommended on sister sites

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