tower PDS Group
Home | Careers | Contact Us
search

THE COMPLETE CAPITAL MARKET INFRASTRUCTURE

Menusample

Skip to content
  • About PDS Group
    • Company Overview
      • About PDS Group
      • Philippine Dealing & Exchange Corp.
      • Philippine Depository & Trust Corp.
      • Philippine Securities Settlement Corp.
      • PDS Academy for Market Development Corp.
    • Vision
    • Mission
    • Market Symbols
      • The Tower
      • The Ceremonial Bell
    • Organization
      • Governance Philosophy and Architecture
      • Corporate Governance
      • Market Governance
    • Leadership
      • Board of Directors
      • Board of Governors
      • Board of Trustees
      • Internal Officers
    • Shareholder Structure
    • Milestones
  • Products & Services
    • Trading
      • PDS Fixed Income
      • PDS Repo
      • PDS SecLend
    • Listing and Enrollment
      • Securities Admission Program
      • Listing Qualifications
      • Continuing Obligations
      • Issuer List
      • Issuer Disclosures
      • Listed Securities
    • Data
    • Securities Services
      • Depository
      • Registry
      • Sub-Registry
      • Value Management
    • Clearing & Settlement
    • Payment and Transfer
  • Market Data
    • Government Securities
      • Active Securities
        PHP-Denominated
      • Fixed Income Board Summary (PhP Denominated)
      • Time and Sales
        PHP-Denominated
      • Fixed Income Board Summary (Foreign Currency Denominated)
      • Time and Sales
        Foreign Currency-Denominated
      • PDST Rates – Benchmark Tenors
      • PDST-F
      • PDST Rates – Government Securities
      • PHP BVAL Reference Rates – Benchmark Tenors
      • PHP BVAL Rates Government Securities
      • BAP-MART GS Repo Trade Summary
      • BAP-MART GS Repo Time and Sales
    • Corporate Securities
      • Time and Sales
        PHP-Denominated
      • Corporate Securities Board Summary
        PHP-Denominated
    • BSP Securities
      • Time and Sales PHP-Denominated
      • BSP Securities Board Summary PHP-Denominated
      • BSP BVAL – BSP Securities
    • Foreign Exchange Summary
    • Depository
      • Depository – Safekeeping
      • Depository – Name on Central Depository
    • Registry
      • Registry – Recordkeeping
    • Payment and Transfer
      • Payment and Transfer – Currency Transfer Services
      • Payment and Transfer – Payment versus Payment
    • Downloadable Data
      • Fixed Income Reports
      • Repo Reports
      • BAP-MART GS Repo
      • SecLend Reports
      • BSP Securities
        • BSP Securities Board Summary
        • BSP BVAL – BSP Securities
      • Foreign Exchange Reports
      • PDST Guidelines
  • Regulation
    • Market Governance Structure
    • Rules
      • PDEx Rules
      • PDTC Rules
    • Trading Conventions
      • Approved Trading Conventions
      • Trading Conventions for Comments
      • Trading Conventions Submitted for SEC Action
    • Pricing Convention
      • Approved Pricing Conventions
    • Policy Guidance
    • PDEx Guidelines
      • Approved Guidelines
      • Guidelines for Comments
      • Guidelines Submitted for SEC Action
      • Frequently Asked Questions
    • PDTC Guidelines
      • Fixed Income
      • Equities
    • Continuing Education
    • Guidelines in Filing a Complaint
  • Market Community
    • Fixed Income Dealer Members
      • Benefits
      • Apply
    • Fixed Income Broker Members
    • REPO Market Program Members
    • Securities Lending Program Members
      • Benefits
      • Apply
    • Cash Settlement Banks
    • Registry Clients
      • Benefits
      • Apply
    • Depository Participants
    • RTS Participants
  • PDS Academy
  • Press Room
    • News Releases
    • Announcements
    • Publications
      • Annual Report
      • Brochure
      • Fact Sheet
      • FAQ
      • Top Performers
      • Schedule of Settlement Breaks
      • BVAL Methodology
    • Forms
      • Regulatory
      • Registry
      • Depository
      • Membership
  • Regional Links

Quicklinks


  • Trading Hours
  • Issuer List
  • Issuer Disclosures
  • Listed Securities
  • Recent Headlines
  • Announcements
  • Downloadable Data
  • BAP-MART GS REPO

Home » Listing Ceremonies » Phoenix Petroleum’s PhP 7 Billion Commercial Paper Program Caps 2018 Listings on the PDEx Organized Secondary Market

Phoenix Petroleum’s PhP 7 Billion Commercial Paper Program Caps 2018 Listings on the PDEx Organized Secondary Market

Posted on: December 27, 2018

PNX Photo Release

27 December 2018, Makati Philippines – Phoenix Petroleum came back to the Philippine Dealing & Exchange Corp. (PDEx) bourse for the second time this year for the listing of a new Commercial Paper Program with an initial tranche of PhP 7.0 Billion out of the PhP 10 Billion approved program by the Securities & Exchange Commission.

This 29th and last listing for the year marks Phoenix’s fifth return to the podium. It was in 2014 when Phoenix debuted in the local debt market with the first ever listing of a Short-Term Commercial Paper (STCP); and that issuance paved the way for other Issuers to follow.

Phoenix Petroleum Chief Finance Officer Ma. Concepcion De Claro said: “Since the start, we have recognized the role of financial markets as a dynamic source of funding for our initiatives. This is why, today, we mark another milestone with the biggest issuance of STCP at 10 billion pesos.”

The local debt market finished the year with a total of PhP 256.39 Billion in new listings, representing a 24% increase from last year‘s figures. The total outstanding amount of bonds listed and enrolled in PDEx reached PhP 1.049 Trillion for a 32% increase from 2017.

PDS Group OIC Ma. Theresa Ravalo hoped that the buoyancy in the primary market continues into the coming year. “We assure you of PDS Group’s commitment toward innovation, investor protection, and fostering greater efficiency of the markets in which we are engaged,” concluded Ms. Ravalo.

The event was also graced by Phoenix Petroleum Officers including Chief Operation Officer Henry Albert Fadullon, Treasurer and Head of Corporate Finance Joseph John Ong, and AVP – Treasury Reynaldo Phala. PNB Capital and Investment Corporation Vice President Sabino de Leon III was also present, being the Lead Sole Issue Manager, Lead Underwriter, and Sole Bookrunner for this issue. #

Press Release – PNX CP Due 2019 FINAL

Print
  • Link Policy
  • Terms of Use
  • Related Links
  • Sitemap
  • Glossary
All Rights Reserved. Copyright (c) 2022 PDS Group
BEST VIEWED ON MICROSOFT EDGE, OR LATEST VERSION OF GOOGLE CHROME AND MOZILLA FIREFOX