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Megawide eyes P5B from fixed-rate bonds

MEGAWIDE Construction Corp. plans to raise up to P5.0 billion in fresh funds via a public offering of Philippine peso-denominated fixed-rate bonds.

In a disclosure on Monday, the Edgar Saavedra-led listed builder announced plans for a bond sale consisting of a base offer of P4.0 billion and an oversubscription option of up to P1.0 billion.