Petron completes $550-million securities issue April 21, 2021 | 12:05 am BW FILE PHOTO PETRON Corp. has completed the issuance of $550-million undated unsubordinated capital securities, the Ramon S. Ang-led oil company said on Tuesday, adding that these will be listed in Singapore. In a disclosure to the local bourse, Petron said that it expects to list the securities on the Singapore Exchange Securities Trading Ltd. by April 20. The net proceeds from the issuance, placed at around $547.8 million after the deduction of commissions, will be used by the company to repay debts and for general corporate purposes, it said. The development comes a week after the company released its final offering circular, which said the perpetual capital securities are in denominations of $200,000 and in integral multiples of $1,000 in excess.