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businessmirror - 25 days ago

Petron to raise $550 million via perpetual bonds issuance

Petron Corp. will issue senior perpetual capital securities to raise $550 million which will be used mainly for debt repayment and for general corporate purposes. The oil company said it will issue senior perpetual capital securities on April 19. The distribution rate is 5.95 percent per annum until April 19, 2026, payable semi-annually on April [ ]


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