Petron Corp issues $469 million peso eurobond

The energy company becomes the first Philippine corporate issuer to sell peso-denominated bonds to international investors following the success of the global peso sovereign.

Philippine energy giant Petron Corporation priced this year’s second international peso bond late on Wednesday -- a Ps20 billion ($469 million) seven-year bond with a 7% semi-annual coupon and yield. The deal was issued and reoffered at par and comes after the Philippine sovereign's successful Ps44.1 billion global peso bond in September. 

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media