Philippines’ D&L Industries aims to price 2024, 2026 bonds on Aug. 26

By Marisa Wong

Los Angles, Aug. 18 – D&L Industries, Inc. has adjusted the timeline for its offering of Philippine peso-denominated fixed-rate bonds due 2024 and 2026, according to a 17-C filing with the Philippine Securities and Exchange Commission.

D&L now plans to price its two-part offering on Aug. 26. The offer period will run from Sept. 1 to Sept. 6.

As previously disclosed, the company plans to sell up to PHP 3 billion of fixed-rate bonds with an up to PHP 2 billion oversubscription option.

The bonds will consist of three-year series A bonds and five-year series B bonds.

The company said it adjusted the target dates, because it is still in the process of complying with requirements of the Philippines SEC.

The chemical company is based in Quezon City, Philippines.

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