Petron sets P18-B bond offering

By Jordeene B. Lagare

Sep 29, 2021 1:15 am

PETRON Corp. is slated to offer to the public up to P18-billion worth of fixed rate bonds to partially finance its power plant project and pay existing debts.

In a disclosure on Tuesday, Petron said it intends to issue P18-billion worth of fixed rate bonds consisting of Series E Bonds due in 2025 and Series F bonds due in 2027.

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