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Petron approves issuance of dollar-denominated senior capital securities

Petron approves issuance of dollar-denominated senior capital securities
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Angelicay Yang , Singapore Exchange Securities Trading Ltd , Exchange Commission , Petron Corp , Shanghai Banking Corp , Philippine Securities , Philippines Securities Regulation Code , Global Certificate , Shanghai Banking , சிங்கப்பூர் பரிமாற்றம் பத்திரங்கள் வர்த்தக லிமிடெட் , பரிமாற்றம் தரகு , ஷாங்காய் வங்கி கார்ப் , பிலிப்பைன் பத்திரங்கள் , உலகளாவிய சிஇஆர்டிஐஎஃப்ஐசிஏடிஇ , ஷாங்காய் வங்கி ,

Petron approves issuance of dollar-denominated senior capital securities

PETRON Corp. has greenlit the issuance of dollar-denominated senior capital securities in $200,000 denominations, the proceeds of which will be used for the company’s debt payments and general corporate purposes, the listed oil company said on Thursday.
Petron told the local bourse that its board of directors had authorized the company to issue the perpetual capital securities “under terms and conditions as the management may determine.”
According to a preliminary offering circular, Petron said that “the securities will be issued in registered form in denominations of $200,000 and integral multiples of $1,000 in excess thereof.”
The firm did not give further details on the initial rate of distribution or the issue price. It mentioned, however, that the expected closing date is 2021, and that the increase in the rate of distribution is 2.5% per annum. ....

Angelicay Yang , Singapore Exchange Securities Trading Ltd , Exchange Commission , Shanghai Banking Corp , Philippine Securities , Philippines Securities Regulation Code , Global Certificate , Shanghai Banking , சிங்கப்பூர் பரிமாற்றம் பத்திரங்கள் வர்த்தக லிமிடெட் , பரிமாற்றம் தரகு , ஷாங்காய் வங்கி கார்ப் , பிலிப்பைன் பத்திரங்கள் , உலகளாவிய சிஇஆர்டிஐஎஃப்ஐசிஏடிஇ , ஷாங்காய் வங்கி ,