Phoenix Petroleum lists P3-B papers

By Jordeene B. Lagare

Dec 14, 2019 1:38 am

PHOENIX Petroleum Philippines Inc. has listed P3 billion worth of short-term commercial papers on the Philippine Dealing and Exchange Corp. (PDEx).

The Series C papers, which carry a fixed discount rate of 4.6657 percent per annum, is part of the listed oil company’s three-year P10-billion commercial paper program registered with the Securities and Exchange Commission.

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