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Megaworld Corp. plans to raise funds through a dollar-denominated notes.
The company has tapped Citigroup Global Markets Limited and The Hongkong and Shanghai Banking Corp. Ltd. (HSBC) as joint global coordinators, joint lead managers and joint bookrunners, and Credit Suisse (Singapore) Limited and J.P. Morgan Securities plc as joint bookrunners to arrange the fund raising, a Regulation S only dollar-denominated senior unsecured notes, subject to market conditions.
“Net proceeds from the issuance of the notes are intended for general corporate purposes, which include, among others, financing capital expenditure, land banking and refinancing of loans,” it said.
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