MANILA - Megaworld Corp. announced Friday that its fixed-rate bonds will be traded in the Philippine Dealing and Exchange Corp. (PDEX) starting Wednesday, November 25.

PDEX has approved Megaworld's application to list its P5-billion fixed-rate bonds due 2015, the Andrew Tan-led firm told the Philippine Stock Exchange.

"The listing of the bonds will widen the reach of price discovery and transparency for the issue and enable participation in the issue across all markets in PDEX," Megaworld said.

Megaworld said trading and settlement of the bonds will be in accordance with PDEX rules, trading conventions, and trading and settlement operating guidelines for the bonds.

Megaworld's profit grew 5% to P3 billion for the first 9 months of the year on the back of strong real estate sales and net income. Consolidated revenues, meanwhile, were slightly higher during the period at P12.92 billion.