By Rebecca Melvin
New York, July 24 – Megaworld Corp. has priced $350 million of senior fixed-rate notes with a 4 1/8% coupon and seven-year tenor, according to an announcement.
The Regulation S notes were sold via Citigroup Global Markets Ltd. and the Hongkong and Shanghai Banking Corp. Ltd. as joint global coordinators, joint lead managers and joint bookrunners, and Credit Suisse (Singapore) Ltd. and J.P. Morgan Securities plc as joint bookrunners.
BDO Capital & Investment Corp. was lead manager in the Philippines.
The proceeds of the notes are intended for general corporate purposes, which may include, among others, financing capital expenditure, land banking and refinancing of loans.
The notes will be listed on the Singapore Exchange Securities Trading Ltd.
Megaworld is a Makati City, Philippines-based real estate development company.
| Issuer: | Megaworld Corp.
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| Issue: | Senior notes
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| Amount: | $350 million
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| Maturity: | 2027
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| Bookrunners: | Citigroup Global Markets Ltd., Hongkong and Shanghai Banking Corp. Ltd., Credit Suisse (Singapore) Ltd. and J.P. Morgan Securities plc
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| Domestic lead manager: | BDO Capital & Investment Corp.
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| Coupon: | 4 1/8%
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| Announcement date: | July 23
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| Distribution: | Regulation S
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