This surpassed its P13 billion base target by 1.3 times due to strong demand. The offering, held from Sept. 5-13, resulted in an additional P3.83 billion in oversubscription.
"We thank the investment community for their strong response and continued confidence in our company. Through their support, Petron remains a viable investment option and we are committed to making sure that we continue to grow and succeed, while being a partner in nation-building," said Petron president and CEO Ramon S. Ang.
Dividend rates for Series 4D and 4E shares are set at 6.8364 percent and 7.1032 percent per annum, respectively. Proceeds will be used to redeem Series 3A Preferred Shares and fund corporate activities.
BDO Capital served as sole issue manager, with multiple financial institutions acting as joint lead underwriters and bookrunners.
