By Christine Van Dusen
Atlanta, April 17 - Philippines-based Megaworld Corp. sold $250 million 4¼% notes due 2023 at a spread of Treasuries plus 245 basis points, according to a company announcement.
The notes priced in line with talk, set at 4¼%.
UBS was the bookrunner for the Regulation S deal.
The proceeds will be used for general corporate purposes.
Megaworld is a real estate company based in Makati City, Philippines.
| Issuer: | Megaworld Corp.
|
| Amount: | $250 million
|
| Maturity: | 2023
|
| Description: | Notes
|
| Bookrunner: | UBS
|
| Coupon: | 4¼%
|
| Spread: | Treasuries plus 245 bps
|
| Trade date: | April 11
|
| Distribution: | Regulation S
|
| Price talk: | 4¼%
|
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