Specialty plastic and food input manufacturer D&L Industries has firmed up its maiden bond offering of as much as P5 billion as a means to finally completing its “next-generation” factory expansion program in Batangas.
D&L has submitted to the Securities and Exchange Commission a registration statement to offer to the public a minimum of P3 billion peso-denominated bonds with tenors of three and five years. In case of strong demand, the offering can be increased by P2 billion.
The inaugural bonds will be listed and traded on local fixed income platform, Philippine Dealing & Exchange Corp. (PDEx).
Based on its regulatory filing, D&L has mandated Chinabank Capital …
Keep on reading: D&L sets P5-B debut in bond market