Investment opportunity: Preferred shares of Petron Corp are being sold (since Feb 15) until Feb 26.
Price: P100.00 / share
Dividend rates: 9.5281% / year
According to their website:
The annual dividend rate of the preferred shares is 9.5281%. If declared by the Board, Petron has an option to redeem the shares on the fifth anniversary from the listing date or any dividend payment date after. If the company doesn’t redeem on the fifth year, investors will enjoy a “step-up” rate.
The joint lead managers/underwriters are BDO Capital, BPI Capital, ING, RCBC Capital and UnionBank.
More information at Petron's website --> HERE.
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