Phoenix Petroleum Philippines Inc. has listed at the Philippine Dealing and Exchange Corp. (PDEx) P1.375-billion worth of fixed-rate bonds with a tenor of 1.5 years.

At a listing ceremony on Friday, Phoenix Petroleum CFO Joseph John Ong said the Dennis Uy-led firm’s short-term notes, to mature by September 2019, “will complement the company’s traditional working capital facilities from the banking community, which are mostly used for the financing of the company’s imported refined fuel products.”

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