Published March 16, 2021, 5:32 PM D&L Industries Inc., the country’s largest specialty foods ingredients, plastics and oleochemicals firm, is planning to raise up to P5 billion from its first bond offering to fund its P8 billion capacity expansion program. In a disclosure to the Philippine Stock Exchange, D&L said it has secured approval from its Board of Firectors for a maiden bond offering to take place this year. The company is looking to issue P3 billion up to P5 billion of bonds with a tenure of 3 to 5 years. Final details of the issuance, including interest rates, will be finalized together with the company’s underwriters.