On 12/3/2015, CII announced the results of the issuance of exchangeable bonds to Metro Pacific Tollway Corporation (MPTC). Owners of these exchangeable bonds have rights to convert the bonds to CII B&R shares. The bonds do not come with any collaterals.

Bonds payment structure: 

• Interests will be paid annually on the issuance date
• Principals will be paid all at once in full at due date if the Bondholder has not exercised conversion rights prior to that, or in the event of a Violation Event. Principals will also be paid when the Bondholder converts the bonds into CII B&R shares.
• If the Bondholder exercises conversion rights prior to interests payment date, the Bondholder will not receive any accruing interests from the last interest payment date to the conversion date.