Tag page - preferred shares

Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target. “The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund...

After its convertible preferred shares stock rights offering, Cebu Air, Inc. (CEB) today (March 29) announced that 328,947,368 of its convertible preferred shares with a par value of P1 per share were listed and ready to be traded at the Philippine Stock Exchange (PSE). Despite the challenges that...

Engineering and infrastructure conglomerate Megawide Construction Corporation is raising up to P8 billion in fresh funds from the capital markets through the issuance of new preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said it is planning to issue P3.0 billion worth...