Petron to issue $500-M securities on Feb. 6


Posted at Jan 31 2013 03:04 PM | Updated as of Feb 01 2013 01:51 AM

MANILA, Philippines - Petron Corp. on Thursday said it has priced its dollar-denomiated subordinated capital securities the previous day, with the issue size amounting to $500 million.

The firm said the securities are expected to be issued on Feb. 6.

Petron earlier said it has tapped Deutsche Bank, HSBC, Standard Chartered Bank and UBS as joint bookrunners and joint lead managers for the transaction.

The securities will be issued via the Hong Kong Stock Exchange.