Thursday 23 November
Powered by Ajaxy
Oct 25, 2017 @ 21:29

Petron to issue new securities

 

Petron Corp. plans to issue dollar-denominated securities to refinance the $750-million securities it listed on the Hong Kong bourse.

In a disclosure to the Philippine Stock Exchange, Petron said it would seek the security holders’ consent to issue the new securities.

The securities issued in 2013 was used to fund the expansion of the Limay refinery in Bataan.

Petron earlier said it was looking to increase the refinery’s capacity to 300,000 barrels a day from the current 180,000 barrels.

Tags: , , , , , , ,

Related Stories
This banker is jumping from one bank to another.
A former banker will be taking the lead with this insurance company's Asian operations.
Net income during the third quarter grew by 19% from a year ago.
Businessman Joseph Calata’s problems are piling up thick and fast.


 

Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo - bilyonaryo.com.ph.