Maynilad could stage IPO next year

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MAYNILAD Water Services Inc. (Maynilad) said Friday that it could undertake an initial public offering (IPO) as early as next year after having raised P15 billion from the issuance of blue bonds for its sustainable water and wastewater management.

In an interview following the listing of the blue bonds on the Philippine Dealing & Exchange Corp., Maynilad President and Chief Executive Officer Ramoncito Fernandez said the offering was a step forward in their plans to take the company public.

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