First Gen to raise P10B via bond offering

First Gen Corp. is the next major fund-raiser among listed companies as it intends to raise as much as P10 billion, or $250 million via a bond offering.

First Gen priced on Thursday a $250-million 10-year non-call senior unsecured bond issue at a fixed coupon of 6.50 percent per annum. The bond will mature on October 9, 2023.