Maynilad secures permit to sell P15B in blue bonds

By Ed Paolo Salting

Jun 29, 2024 12:27 am

MAYNILAD Water Services Inc. (Maynilad) said Friday that it had received a permit to sell from the Securities and Exchange Commission for a peso-denominated blue bond offering of up to P15 billion.

The company is looking to sell fixed-rate blue bonds — called so as the proceeds will be used to fund marine- and ocean-based projects — with an aggregate base principal of up to P12 billion and an oversubscription option of up to P3 billion.

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