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Philippines’ Petron plans to offer PHP 18 billion fixed-rate bonds
By Marisa Wong
Los Angeles, July 6 – Petron Corp. plans to issue PHP 18 billion of fixed-rate bonds, according to a notice.
The company has registered to issue a total of PHP 50 billion of bonds, and this will be the first tranche.
BDO Capital & Investment Corp. will act as the manager and also a joint lead bookrunner alongside China Bank Capital Corp., Philippine Commercial Capital, Inc., PNB Capital and Investment Corp. and SB Capital Investment Corp.
Petron is an oil company controlled by conglomerate San Miguel Corp. Both companies are based in Mandaluyong City, Philippines.
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