Metro Pacific Tollways lists P20 billion maiden bonds on Philippine bourse

December 3, 2025 – 10:32 AM

Logo of Metro Pacific Investments. (Philstar.com/File)

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Philippine toll road operator Metro Pacific Tollways Corp said on Tuesday it listed its first peso bond issue worth P20 billion ($341.63 million) on the Philippine Dealing & Exchange Corp.

The bonds were sold in three series with fixed rates of 5.5443% for three years due 2028, 5.7879% for five years due 2030 and 6.3069% for 10 years due 2035, the company said in a statement.

Proceeds will be used for construction and upkeep of toll roads, including the Manila Cavite Expressway and Cavite Laguna Expressway, and for new investments and general corporate purposes, it said.

Philippine Rating Services Corp rated the bonds PRS Aaa with a stable outlook, the company said.

BPI Capital Corp and First Metro Investment Corp were joint issue managers, and together with BDO Capital, China Bank Capital, PNB Capital and Security Bank Capital acted as joint lead underwriters and bookrunners, according to the statement.

($1 = 58.5430 Philippine pesos)

—Reporting by Yantoultra Ngui, Editing by Louise Heavens