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Prospect News home > News index > List of issuers P > Headlines for Phoenix Petroleum Philippines, Inc. > News item
Published on 9/23/2015 in the Prospect News Emerging Markets Daily.

Phoenix Petroleum Philippines plans PHP 2 billion perpetual preferreds

By Marisa Wong

Morgantown, W.Va., Sept. 23 – Phoenix Petroleum Philippines, Inc. said it received approval to issue up to PHP 2 billion of perpetual preferred shares through a public offering.

The company’s board of directors and shareholders approved the issuance of up to 20 million shares of perpetual preferreds at PHP 100 per share.

The oil company is based in Davao City, Philippines.


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