Metro Pacific Tollways Corporation (“MPTC” or the “Company”) received on 12 November 2025 the Securities and Exchange Commission’s (“SEC”) pre-effective approval for the Company’s proposed offer to the public of up to PHP 15 Billion fixed-rate bonds, with an oversubscription option of up to PHP 5 Billion to be issued in up to three (3) series with tenors of 3 years, 5 years, and/or 10 years (the “Offer”). 

The bonds are intended to be issued at par, and interest on the bonds will be calculated on a 30/360-day count basis to be paid quarterly in arrears. Philippine Ratings Services Corporation has rated the bonds with a PRS Aaa rating with Stable Outlook on 26 September 2025. 

The target public offer period will run from 17 November 2025 to 21 November 2025. MPTC intends to issue and list the bonds on the Philippine Dealing & Exchange Corp. on 2 December 2025. The Offer is subject to satisfaction by MPTC of all applicable regulatory requirements and the receipt from the SEC of a permit to sell the bonds. 

The net proceeds from the Offer are intended to partially finance continuing investment in the construction and upkeep of the Manila Cavite Expressway (CAVITEX), Cavite Laguna Expressway (CALAX), and Lapu Lapu Expressway (LLEX) roadway infrastructure, partially refinance bridge facilities, as well as fund other general corporate purposes. 

“This maiden bond offering strengthens MPTC’s liquidity and diversifies its sources of capital,” said MPTC President and CEO Gilbert Santa Maria. “The proceeds will fund our ongoing investments and expansion projects, consistent with our mission to build essential infrastructure that supports nation-building and economic progress.” 

BPI Capital Corporation and First Metro Investment Corporation are the Joint Issue Managers, and together with BDO Capital & Investment Corporation, China Bank Capital Corporation, PNB Capital and Investment Corporation, and Security Bank Capital Investment Corporation, are the Joint Lead Underwriters and Joint Bookrunners for the Offer. 

About MPTC 

MPTC is the Philippines’ premier toll road developer and operator, which manages the following portfolio of expressways, namely, the CAVITEX, the North Luzon Expressway (NLEX), Subic-Clark-Tarlac Expressway (SCTEX), Cavite-Laguna Expressway (CALAX), Cebu-Cordova Link Expressway (CCLEX), and the NLEX Connector. MPTC also extends its expertise beyond the Philippines and holds investments in the ASEAN region, and provides digital transformation and mobility innovation services through its subsidiaries. 

The MPTC business address is at the 5th Floor, Rockwell Business Center Tower 1, Ortigas Avenue, Pasig City, Philippines. The Company’s telephone number is (+632) 8866-7650, and its corporate website is https://www.mptc.com.ph, where the preliminary prospectus relating to the Offer can be obtained.