Petron seeks SEC nod for P20-B bond sale

By Jordeene B. Lagare

Aug 29, 2018 12:16 am

PETRON Corp. has filed an application with the Securities and Exchange Commission (SEC) for the issuance of fixed-rate bonds amounting to P20 billion to repay debt.

In a disclosure on Tuesday, Petron said the peso-denominated fixed rate bonds represented the final tranche of a P40-billion three-year shelf registration program that was approved by the SEC in October 2016.

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