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MPTC raises P20B in bond sale to cut debt, fund projects
Business World Philippines
|December 03, 2025
METRO PACIFIC Tollways Corp. (MPTC) raised P20 billion from a fixed-rate bond sale to finance infrastructure projects and reduce its ballooning debt.
“These bonds carry the credit rating [of PRS Aaa with a stable outlook] by PhilRatings (Philippine Rating Services Corp.), underscoring our commitment for consistent financial discipline... We remain committed to supporting the country’s economic growth,” MPTC President and Chief Executive Officer Gilbert F. Santa Maria said during the bond listing ceremony on Tuesday.
MPTC’s P15-billion fixed-rate bonds were oversubscribed by P5 billion. The offering was led by BPI Capital Corp. and First Metro Investment Corp. as joint issue managers, with BDO Capital & Investment Corp., China Bank Capital Corp., PNB Capital and Investment Corp., and Security Bank Capital Investment Corp. acting as joint lead underwriters and bookrunners.
The offer period ran from Nov. 17 to 21, with the bonds issued and listed on the Philippine Dealing and Exchange Corp. (PDEx) on Tuesday, Dec. 2.
MPTC, the tollways arm of Metro Pacific Investments Corp. (MPIC), is working to reduce its P200-billion net debt, the company said.
This story is from the December 03, 2025 edition of Business World Philippines.
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