Petron gets OK for capital securities, tender offer for 7˝% notes

By Marisa Wong

Morgantown, W.Va., Jan. 8 – Philippines’ Petron Corp.’s board of directors has approved the issuance of dollar-denominated undated unsubordinated capital securities, according to a notice.

The company said the board also authorized it to conduct a tender offer of its outstanding $750 million 7˝% undated subordinated capital securities.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.