Additionally, we foresee that business process outsourcing (BPO) companies may need more office spaces because of physical distancing requirements. This infusion of funds will support our investment pipeline and future land banking initiatives," said Kevin Tan, Megaworld chief strategy office. Megaworld's seven-year bonds fetched a coupon rate of 4.125 percent, the lowest coupon achieved for a Philippine corporate entity on a seven-year US dollar public bond transaction. Prior to the issuance, Megaworld conducted investor calls throughout Asia and Europe on July 22, achieving strong participation and discussions among top investors, which centered on an update on the company's credit and its relative resilience compared to other Philippine real estate issuers against the backdrop of the ongoing COVID-19 pandemic.