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Published July 5, 2021, 2:41 PM
Leading oil firm Petron Corporation will be issuing P50 billion worth of peso-denominated fixed rate bonds – and the initial tranche to be offered to the public will be P18 billion.
In a disclosure to the Philippine Stock Exchange (PSE), the oil company emphasized that it will slate P50 billion fixed rate bonds for shelf registration with the Securities and Exchange Commission (SEC); and this shall be offered to capital market investors in several tranches.
Petron said the executive committee of the company’s board approved on their Monday (July 5) meeting the shelf registration of the bond issue; including the terms on the execution of warranted agreements with relevant parties.