SMC Tollways Corp. (SMCTC) listed its P35-billion fixed-rate bond issuance at the Philippine Dealing & Exchange (PDEx) on Thursday as part of the company’s funding initiatives.
The bond offer consisted of P30 billion with an oversubscription option of P5 billion, SMCTC said in an e-mailed statement.
It was given a “PRS Aaa” with a stable outlook credit rating by the Philippine Rating Services Corp.
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