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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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