Metro Pacific Tollways Corporation (“MPTC”) has filed a registration statement with the Securities and Exchange Commission (“SEC”) for its proposed offer to the public of up to PHP 15 Billion fixed-rate bonds, with an oversubscription option of up to PHP 5 Billion to be issued in up to three (3) series with tenors of 3 years, 5 years, and/or 10 years (the “Offer”).

 

The bonds are intended to be issued at par, and interest on the bonds will be calculated on a 30/360-day count basis to be paid quarterly in arrears. The target public offer period will run from 17 November 2025 to 21 November 2025. MPTC intends to issue and list the bonds on PDEx on 02 December 2025.

 

Philippine Ratings Services Corporation has rated the bonds with a PRS Aaa with a Stable Outlook rating on 26 September 2025, which is given to obligations that are of the highest quality with minimal credit risk. A copy of the preliminary Prospectus can be found on the Issuer's website (https://www.mptc.com.ph). 

 

The net proceeds from the Offer are intended to finance continuing investment in the construction and upkeep of the Manila Cavite Expressway (CAVITEX), Cavite Laguna Expressway (CALAX), and Lapu Lapu Expressway (LLEX) roadway infrastructure, refinance bridge loan facilities, as well as fund other general corporate purposes.

 

"This bond issuance aims to bolster MPTC’s fiscal position while ensuring the capital adequacy to support continued infrastructure investment and operational excellence,” said Gilbert F. Santa Maria, President and CEO of MPTC.

 

BPI Capital Corporation and First Metro Investment Corporation are the Joint Issue Managers, and together with BDO Capital & Investment Corporation, China Bank Capital Corporation, PNB Capital and Investment Corporation, and Security Bank Capital Investment Corporation, are the Joint Lead Underwriters and Joint Bookrunners for the Offer.

 

MPTC is the Philippines’ premier toll road developer and operator, which manages the following portfolio of expressways, namely the North Luzon Expressway (NLEX), Subic-Clark-Tarlac Expressway (SCTEX), Manila-Cavite Toll Expressway (CAVITEX), Cavite-Laguna Expressway (CALAX), Cebu-Cordova Link Expressway (CCLEX), and the NLEX Connector. MPTC also extends its expertise beyond the Philippines and holds investments in the ASEAN region, and provides digital transformation and mobility innovation services through its subsidiaries.

 

The MPTC business address is at the 5th Floor, Rockwell Business Center Tower 1, Ortigas Avenue, Pasig City, Philippines. The Company’s telephone number is (+632) 8866 7650, and its corporate website is https://www.mptc.com.ph.