Petron plans perpetual capital securities sale Jordeene B. Lagare
PETRON Corp. on Thursday announced its plans to issue US dollar-denominated senior perpetual capital securities.
Petron said in a disclosure that its executive committee authorized the offering of such securities, with terms and conditions to be determined at a later time.
Net proceeds from this transaction will be used for the repayment of indebtedness and for general corporate purposes.
Petron has secured approval in-principle from the Singapore Exchange Securities Trading Ltd. (SGX-ST) for the listing and quotation of the securities.
The Hongkong and Shanghai Banking Corp. Ltd. is the sole global coordinator for the planned issuance.
Non-bank enters Japanese market with RMBS deal By Malavika Santhebennur 16 December 2020
Resimac has entered the Japanese capital markets with a $1-billion RMBS deal, which comprises the lender’s fourth transaction for 2020.
The non-bank lender has announced the financial close of Resimac Premier Series 2020-3, which is the first residential mortgage-backed securities (RMBS) transaction under its program to offer a yen-denominated tranche.
According to Resimac, this transaction (under which the yen denominated tranche is a Class A1 soft-bullet security type tranche) would form a part of its commitment to broader investor participation.
Commenting on the RMBS deal, Resimac group treasurer Andrew Marsden said: “This is a milestone transaction for Resimac. The inaugural yen securitisation creates new access to the Japanese capi