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.
Total foreign investments approved by the Philippine government saw a double-digit decline in the first quarter of 2021 amid a challenging global economic climate due to the COVID-19 pandemic, data released by the Philippine Statistics Authority (PSA) on Thursday showed.
Foreign investment commitments approved by the Philippine government dropped by 32.9% in the first three months of 2021 as the global market continues to face the COVID-19 pandemic, data from the Philippine Statistics Authority (PSA) showed on Thursday.
The country’s approved foreign investments went down amid prolonged uncertainty due to coronavirus pandemic, data from the Philippine Statistics Authority (PSA) showed on Thursday, June 3. Based on the submissions from six investment promotion agencies, total commitments reached P19.55 billion i
With a conclusive decision sounded off to stockholders, Petron Corporation has shifted ground on its earlier plan of shutting down its 180,000 barrels-per-stream-day Limay refinery.
Petron President and CEO Ramon S. Ang
During the company’s annual stockholders meeting on Tuesday (May 18), Petr