PHILRATINGS CORP

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                    [ArticleID] => 350245
                    [Title] => Petron may borrow another $100M for capex
                    [Summary] => 



Petron Corp. may borrow another $100 million this year to support its capital expenditure program.


The oil firm will sign today the P5.5-billion ($100-million) five-year fixed Rate Corporate Notes Issuance (FXCN). 


Sources said Petron plans to increase the issuance after it got overwhelming response from the financial market.


Petron chairman Nicasio Alcantara confirmed that the board had allowed the company to raise $200 million to partially finance its $300-million petrochemical project.


                    [DatePublished] => 2006-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Petron may borrow another $100M for capex

By Donnabelle L. Gatdula | July 31, 2006 - 12:00am

Petron Corp. may borrow another $100 million this year to support its capital expenditure program. The oil firm will sign today the P5.5-billion ($100-million) five-year fixed Rate Corporate Notes Issuance...

Business