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Published on 10/16/2018 in the Prospect News Emerging Markets Daily.

New Issue: Philippines’ Petron sells PHP 20 billion series C, D bonds

By Marisa Wong

Morgantown, W.Va., Oct. 16 – Petron Corp. announced it issued PHP 20 billion of bonds through a public offering.

The company sold PHP 13.2 billion of series C bonds and PHP 6.8 billion of series D bonds.

The company had registered to issue a total of PHP 40 billion of bonds and sold PHP 20 billion of bonds in October 2016, as previously announced.

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

Issuer:Petron Corp.
Issue:Bonds
Amount:PHP 20 billion
Settlement date:Oct. 12
Series C bonds
Amount:PHP 13.2 billion
Series D bonds
Amount:PHP 6.8 billion

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