Petron to redeem outstanding 4.6% senior perpetuals on July 19 at par

By Mary-Katherine Stinson

Lexington, Ky., June 2 – Philippines’ Petron Corp. will redeem all outstanding securities of its $500 million 4.6% senior perpetual securities (ISIN: XS1740858540) on July 19 at par, according to a company announcement.

The redemption will total $477.53 million in principal and $10,983,190 in accrued distributions.

Petron is an oil company controlled by conglomerate San Miguel Corp. Both companies are based in Mandaluyong City, Philippines.

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