Petron drills for dollar bond

By Morgan Davis
13 Apr 2021

Petron Corp, a Philippine oil company, raised $550m from a senior perpetual bond sale this week.

The perpetual non-call five year bonds were initially marketed at the 6.3% area on Monday morning, following a mandate announcement and investor calls last week.

The order book reached $1bn, including $30m from the leads, around 10am. Before 2:30pm, the book stood at $1.5bn, and it peaked ...

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