Philippines' Megaworld to issue seven-year dollar-denominated notes

By Marisa Wong

Madison, Wis., April 7 - Megaworld Corp. has authorized the issuance of dollar-denominated corporate notes due 2018, according to a 17-C filing with the Philippine Securities and Exchange Commission.

UBS AG is the lead manager for the notes issuance.

Proceeds will be used to refinance some of the company's outstanding debt and for general corporate purposes.

Megaworld is a Makati City, Philippines-based real estate development company.

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