SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Mar 10, 2017

2. SEC Identification Number

167423

3. BIR Tax Identification No.

000-477-103

4. Exact name of issuer as specified in its charter

MEGAWORLD CORPORATION

5. Province, country or other jurisdiction of incorporation

Metro Manila

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

28th Floor, The World Centre, 330 Sen. Gil Puyat Avenue, Makati City, Philippines Postal Code 1227

8. Issuer's telephone number, including area code

(632) 867-8826 to 40

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	32,239,445,872
Preferred	6,000,000,000

11. Indicate the item numbers reported herein

Item 9(b)

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Megaworld CorporationMEG

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of news article

Source	Business Mirror (Internet Edition)
Subject of News Report	“SEC okays Megaworld’s P30-billion bond Issuance”
Date of Publication	Mar 9, 2017

Clarification of News Report
We refer to your request for clarification/confirmation of the news article entitled “SEC okays Megaworld’s P30-billion bond Issuance” posted in Business Mirror (Internet Edition) on March 9, 2017 which reported in part that: “The Securities and Exchange Commission (SEC) has approved the P30-billion shelf registration program of property developer Megaworld Corp., some P12 billion of which will be sold to the market immediately. . . . . Proceeds of the debt paper will be used to finance its mixed-use developments in Taguig and in Iloilo, which it hopes to complete by 2020. The said funds will be disbursed to the projects through 2019. The bulk of the proceeds will be used for the Uptown Bonifacio in Taguig at P7.2 billion. Some P2.4 billion will be plowed to McKinley West also in Taguig, P2.13 billion in McKinley Hill and P1.16 billion will be for Iloilo Business Park. ‘Any shortfall in the net proceeds for the intended uses shall be funded by the company from internal sources,’ it said. . . . .” In reply, we advise that the Company confirms the SEC approval mentioned in the news article, a copy of which is attached for your information.
Other Relevant Information
None