Philippines, Nov. 6 -- To improve access to water and wastewater services in the West Zone of Metro Manila and increase access to capital markets for water and wastewater utilities, International Finance Corporation (IFC) has invested $100 million as a cornerstone investor in the initial public offering (IPO) of Maynilad Water Services, Inc. (Maynilad), the operator of the largest water concession in the Philippines and Southeast Asia in terms of active connections and population served within a single concession area.Proceeds from the IPO will be used to fund Maynilad's capital expenditures requirement and for general corporate purposes. A portion of proceeds will be directed towards expanding wastewater service coverage, which is expected...