New Issue: Philippines' Petron prices PHP 20 billion 7% notes due 2017 at par

By Christine Van Dusen

Atlanta, Nov. 4 - Philippines-based Petron Corp. priced PHP 20 billion notes due Nov. 10, 2017 at par to yield 7%, a market source said.

The notes are payable in dollars.

Credit Suisse, Deutsche Bank, HSBC and Standard Chartered were the bookrunners for the Regulation S deal.

Petron is an oil refining and marketing company based in Makati City, Philippines.

Issuer:	Petron Corp.
Amount:	PHP 20 billion
Maturity:	Nov. 10, 2017
Description:	Notes
Bookrunners:	Credit Suisse, Deutsche Bank, HSBC, Standard Chartered
Coupon:	7%
Price:	Par
Yield:	7%
Trade date:	Nov. 3
Settlement date:	Nov. 10
Distribution:	Regulation S

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