Petron raises $550M from securities

By Jordeene B. Lagare

Apr 21, 2021 12:19 am

PETRON Corp. has raised $550 million (P26.6 billion) after issuing US dollar-denominated undated unsubordinated capital securities.

In a disclosure, the listed oil company said it “has completed today the issuance of US dollar undated unsubordinated capital securities with an issue size of $550 million.”

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