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Philippines’ Petron names dividend rates for series 4 preferreds
Chicago, June 9 – Petron Corp. named the dividend rates for its offering of 12.5 million preferred shares, according to a company update.
The dividend rates are 6.7079% for series 4A, 6.7972% for series 4B and 7.0861% for series 4C.
The offering price is PHP 1,000 each.
There is an oversubscription option of 10 million preferred shares
China Bank Capital Corp. is the issue manager, the joint lead underwriter and bookrunner with Bank of Commerce, Philippine Commercial Capital Inc., PNB CIC and SB CIC.
Petron is an oil company controlled by conglomerate San Miguel Corp. Both companies are based in Mandaluyong City, Philippines.
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