Listed Vivant Corp. has signed an agreement to issue P3 billion worth of fixed-rate corporate notes to finance its capital expenses. In a filing on Friday, the power company said the notes had tenors of two and five years. Proceeds from the issuance would be used to fund its capital expenditures for existing assets and investments in power generation and/or water infrastructure projects. These would also be used to partially refinance its existing seven-year fixed-rate corporate notes, which will mature in February 2021. First Metro Investment Corp. arranged the issuance, while the Metropolitan Bank & Trust Co.–Trust Banking Group is the notes’ agent. The company was recently hailed among Forbes Asia’s best-under-a-billion 2020 list, which features 200 publicly listed small and medium companies in the Asia-Pacific region with less than $1 billion in revenue. Vivant shares gained 22 centavos or 1.57 percent to close at P14.24 each on Friday.