Coastal Road pitches novel $175m bond

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ASIAN DEBT CAPITAL MARKETS

Coastal Road pitches novel $175m bond

Issue: Daily News - 28 July 2010

Keywords: Coastal road corp, toll road, cavite

Philippine toll road operator Coastal Road Corp starts a series of investor meetings on Thursday, pitching a $175m bond that will be backed by cash flows generated by one of its toll roads. The issue is a rare offering from a Philippine credit in the international bond market – and rarer still because of its structural tweaks. ..

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