THE Securities and Exchange Commission (SEC) has approved the application of tollways operator NLEX Corp. to issue up to P25 billion in fixed-rate bonds under a shelf registration program.

In an en banc decision released on Wednesday, the SEC authorized NLEX Corp. to issue P25 billion worth of bonds, to be issued in multiple tranches within a period of three years.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details