Investor Relations

Investor Relations

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ANY QUESTIONS?


NLEX Hotline

(632) 3-5000

NLEX Compound
Balintawak, Caloocan City
PHILIPPINES 1400
(632) 479-3000

Php 7 Billion Bond Offer

MNTC made its maiden retail-bond listing at the Philippine Dealing and Exchange Corporation (PDEx) with the issuance of Php 7 billion aggregate principal amount of fixed rate bonds on March 31, 2014.  The bonds were divided into two tranches:  seven- and ten-year fixed rate securities due in 2021 and 2024, respectively. 

A total of Php4.4 billion was allocated to the seven-year tranche which has a coupon rate of 5.07% per annum, and the remaining Php 2.6 billion are the ten-year bond with a 5.5% annual rate. 

To invest in MNTC bonds, investors may contact any of the market makers, namely:  BDO Unibank Inc. and First Metro Investment Corporation, or through any of the general broker specialists of PDEx for listed corporate securities.

ISSUER

ISSUE

SERIES CODE

ISSUER TYPE

OUTSTANDING ISSUE AMOUNT

(Php Billio​ns)

COUPON RATE

ISSUE DATE

MATURITY DATE

MNTC

Fixed Rate Bonds due 2021

MNTC 21 R19

Corporate

4.40

5.0700%

31 Mar 2014

31 Mar 2021

MNTC

Fixed Rate Bonds due 2024

MNTC 24 R21

Corporate

2.60

5.5000%

31 Mar 2014

31 Mar 2024

Net proceeds of the offer will be used to partially fund the 5.65 km Segment 10 of the NLEX Project which will connect the MacArthur Highway in Valenzuela City to C-3 Road in Caloocan City. 

The bonds have been rated PRS Aaa by the Philippine Ratings Services Corporation --- the highest rating assigned by the company. Obligations rated PRS Aaa are of the highest quality with the minimal credit risk and reflects the obligor’s extremely strong capacity to meet its financial commitment.

Financial Reports