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MPTC eyes P20B bond for 3 tollways
Manila Bulletin
|October 7, 2025
Metro Pacific Tollways Corp. (MPTC), a unit of Manuel V. Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC), is planning to use proceeds from its P20-billion bond offering to fund three tollway projects and refinance existing obligations.
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"This bond issuance aims to bolster MPTC’s fiscal position while ensuring the capital adequacy to support continued infrastructure investment and operational excellence,” said MPTC President and Chief Executive Officer (CEO) Gilbert F. Santa Maria.
Net proceeds from the offer are intended to finance continuing investment in the construction and upkeep of Manila-Cavite Expressway (CAVITEX), Cavite-Laguna Expressway (CALAX), and the new Lapu-Lapu Expressway (LLEX) roadway infrastructure, as well as refinance bridge loan facilities and fund other general corporate purposes.
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