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Published on 3/22/2012 in the Prospect News Emerging Markets Daily.

Phoenix Petroleum Philippines plans PHP 1 billion of five-year bonds

By Marisa Wong

Madison, Wis., March 22 - Phoenix Petroleum Philippines, Inc. plans to issue PHP 1 billion of corporate notes and/or bonds, according to a letter delivered to the Philippines Securities and Exchange Commission.

The notes and/or bonds will mature in 2017.

Philippine Ratings Service Corp. has assigned a rating of Aa to the proposed debt issuance.

Phoenix is a Davao City, Philippines-based company specializing in refined petroleum products.


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