ACCRALAW acted as counsel for the Joint Issue Managers, Joint Lead Underwriters, and Joint Bookrunners, PNB Capital and Investment Corporation, RCBC Capital Corporation, and Security Bank Capital Investment Corporation in connection with Megawide Construction Corporation’s offering of up to Php 6 Billion Series 6 Preferred Shares which were listed and traded on the Main Board of The Philippine Stock Exchange, Inc. on 14 April 2025.
The Series 6 Preferred Shares were sold at an offer price of Php 100.00 per share and comprised of Series 6A Preferred Shares with an initial dividend rate of 7.6283% per annum, Series 6B Preferred Shares with an initial dividend rate of 7.9606% per annum, and Series 6C Preferred Shares with an initial dividend rate of 8.2993% per annum.
The Firm’s lawyers from the Corporate and Special Projects Department, namely, Partner Elaine Patricia S. Reyes-Rodolfo, Senior Associate Dan Bernard S. Sabilala, and Associates Jose Lorenzo T. Roman and Iris Gizelle S. Agus, worked on the project.