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Philippines’ Petron eyes up to PHP 20 billion initial bond tranche
By Marisa Wong
Morgantown, W.Va., Oct. 12 – Petron Corp. has registered to issue up to PHP 40 billion of fixed-rate bonds, with the first tranche totaling up to PHP 15 billion with an up to PHP 5 billion oversubscription option, according to a Philippine Stock Exchange notice.
Petron is an oil company controlled by conglomerate San Miguel Corp. Both companies are based in Mandaluyong City, Philippines.
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