Vivant raises P3 billion from note issuance

To bankroll its power generation investments, Vivant Corp., the power-based holding firm of the Garcia-Escano family of Cebu, has raised as much as P3 billion from a fixed-rate note issuance that was subscribed to by several local banks.

A disclosure to the Philippine Stock Exchange showed on Thursday that Vivant recently signed an agreement to issue P3 billion in fixed-rate corporate notes.