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Prospect News home > News index > List of issuers P > Headlines for Phoenix Petroleum Philippines, Inc. > News item
Published on 2/28/2019 in the Prospect News Emerging Markets Daily.

Phoenix Petroleum Philippines plans $300 million perpetual bonds

By Marisa Wong

Morgantown, W.Va., Feb. 28 – Phoenix Petroleum Philippines, Inc. announced it plans to issue up to $300 million of perpetual bonds.

Proceeds will be used to refinance working capital and for general corporate purposes.

The company has appointed Australia New Zealand Ltd., ING NV Bank and UBS Group AG as joint lead managers and joint bookrunners. ANZ will also act as global coordinator.

The oil company is based in Davao City, Philippines.


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