123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Megaworld Taps J.p. Morgan, Eyes Dollar-denominated Offering

Profile Picture
By Author: Jon Viktor Cabuenas, GMA News
Total Articles: 37
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Listed property developer Megaworld Corp. has tapped J.P Morgan Chase & Co. to arrange meetings with investors in Singapore and Hong Kong on the possible issuance of dollar-denominated securities.

In a regulatory filing on Monday, Megaworld vice president Dominic Isberto said the company tapped J.P. Morgan to serve as underwriter.

“Megaworld Corporation, based in Philippines, has mandated J.P. Morgan as the sole bookrunner to arrange a series of fixed income investor meetings in Singapore and Hong Kong commencing on April 3, 2018,” the filing read.

“A proposed Regulation S USD denominated securities offering may follow, subject to market conditions. The securities, if issued, are expected to be unrated and will be issued by Megaworld Corporation,” it said.

The company did not disclose further details on the possible issuance, but said the securities will not be registered with Philippines regulators.

“The securities referred to herein have not been and will not be registered with the Philippine Securities and Exchange Commission under the Securities Regulation Code of the Philippines,” it said.

Megaworld reported a net income of P12.8 billion in 2017, up 12.7 percent year-on-year, as a result of a 7.7-percent revenue increase to P50.4 billion.
Source : http://www.gmanetwork.com/news/money/companies/648523/megaworld-taps-j-p-morgan-eyes-dollar-denominated-offering/story/

For more information, please visit us at www.megaworldproperties.com

Total Views: 256Word Count: 197See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Best Umrah Packages From Mumbai For A Peaceful And Affordable Pilgrimage
Author: Reliable Tours

2. Best Locations For Co-working Space In Bhopal In 2025
Author: Ajay Singh

3. 7 Features Every 3 Bhk Apartment Buyer Should Look For
Author: Metro

4. Civil Engineering Company Nigeria Stable Domes Redefining Excellence In Construction
Author: Stable Domes

5. The Future Of Real Estate Lies In Premium Properties In Hyderabad
Author: Sensation Infracon

6. Cultural Comforts: Indian Hospitality In Serviced Apartments
Author: Adopremium

7. Immobilie Verkaufen In Hamburg
Author: Steffen Mayer

8. What Is Fractional Property Ownership In Dubai? A Smart Real Estate Investment
Author: Icon Real estate

9. Reasons For Sharp Increase In Land Value In Nelamangala
Author: MBS Properties

10. 最好和最令人惊奇的 日本虚拟房产之旅
Author: jhomeclick

11. Best Tenant Placement Services For Apartments, Villas & Commercial Rentals | Property Handling
Author: prasanthi

12. Gk Construction Tirunelveli (pvt Ltd)-construction Company In Tirunelveli-architect In Tirunelveli-builders In Tirunelveli
Author: Mr.karthick

13. How To Take Benefit From Property Investment Opportunities
Author: Rick Lopez

14. Tulip Crimson Residences Sector 70 Gurgaon
Author: Tulip Apartments

15. Apcrda, Rera Approved Plots In Amaravati – Amaravati Investors’ Trusted Choice For Smart Real Estate
Author: pavankumar

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: