Megawide raises P5B from fixed-rate bonds

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MEGAWIDE Construction Corp. on Thursday listed P5 billion worth of fixed-rate bonds on the Philippine Dealing and Exchange Corp. (PDEx) following a successful fundraising exercise that saw the firm exercising an oversubscription option.

The firm received over P6.4 billion in tenders during the June 28 to July 4 offer period, representing an oversubscription rate of 1.6 times versus the base offer of P4 billion plus a P1 billion oversubscription option.

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