Migs8-Megawide Sets P5 billion bond sale

Tycoon Edgar Saavedra’s Megawide Construction Corp. is returning to the bond market with plans to raise up to P5 billion to bankroll its expansion.

The construction and engineering giant said on Monday the bond sale will involve three series of bonds with varying maturities set for 2027, 2029, and 2031. 

This strategic move aims to strengthen the company's capital structure and finance future projects. 

The offering is subject to regulatory approvals from the Securities and Exchange Commission and listing requirements of the Philippine Dealing & Exchange Corp.

About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

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