Petron raises P18 billion from bondsIn a disclosure to the Philippine Stock Exchange yesterday, Petron said the offer, consisting of Series E bonds due 2025 and Series F Bonds due 2027 were fully subscribed. MANILA, Philippines — Petron Corp., the country’s only oil refiner, has raised P18 billion from the issuance of the first tranche of its peso fixed rate bonds. In a disclosure to the Philippine Stock Exchange yesterday, Petron said the offer, consisting of Series E bonds due 2025 and Series F Bonds due 2027 were fully subscribed. Meanwhile, Petron sold P8.44 billion to retail investors and P560.6 billion to institutional investors under the Series F Bonds. Of the P12 billion, P3.3 billion will be funded from the proceeds of the bond offer, while the remaining P7.7 billion to P8.7 billion will be financed by internally generated funds.

Source: Philippine Star October 11, 2021 15:56 UTC