8 months Phoenix Petroleum to issue $300-M securities MB |Biz
By Myrna M. Velasco Listed firm Phoenix Petroleum Philippines, Inc. is tapping offshore capital markets for up to US$300 million worth of securities issuance, of which proceeds will be funneled to bankroll programmed projects. Source:(https://www.phoenixfuels.ph) “We are trying to raise US$200 million to US$300 million,” noted lawyer Raymond T. Zorrilla, Phoenix Petroleum Vice President of External Affairs, Business Development and Security, relating to the scale of the planned issue. He emphasized that this batch of cash infusion will generally bankroll the equity that they will be injecting into the US$2.0 billion worth of liquefied natural gas (LNG) projects. For the ... more