Petron Perpetual Preferred Shares

Offer Period:	June 3-18, 2019*
Offer Price:	PHP 1,000 per share
Issue Size:	15,000,000 Preferred Shares consisting of: (a) 10,000,000 Preferred Series 3A (“PRF3A”) and (b) 5,000,000 Preferred Series 3B(“PRF3B”), with an oversubscription option of up to 5,000,000 Preferred Shares
Dividend Payment:	Quarterly
Listing Date:	June 25, 2019

* subject to availability of Offer Shares

Ready to invest?

Got more questions?

Petron Perpetual Preferred Shares

Offer Period:	June 3-18, 2019*
Offer Price:	PHP 1,000 per share
Issue Size:	15,000,000 Preferred Shares consisting of: (a) 10,000,000 Preferred Series 3A (“PRF3A”) and (b) 5,000,000 Preferred Series 3B(“PRF3B”), with an oversubscription option of up to 5,000,000 Preferred Shares
Dividend Payment:	Quarterly
Listing Date:	June 25, 2019

* subject to availability of Offer Shares

Ready to invest?

Got more questions?

Available Petron Perpetual Preferred Shares

Series 3A Preferred Shares

Dividend Rate:
6.8713% per annum

Series 3B Preferred Shares

Dividend Rate:
7.1383% per annum

Series 3A Preferred Shares

Dividend Rate:
6.8713% per annum

Series 3B Preferred Shares

Dividend Rate:
7.1383% per annum

How Do I Invest in this Offer

Visit a PNB Branch to open a CASA account and PNB Securities Inc. trading account

Submit your requirements to the branch officer

Fill out and sign the form needed to invest in this offer

How Do I Invest in this Offer

	Visit a PNB Branch to open a CASA account and PNB Securities Inc. trading account
	Submit your requirements to the branch officer
	Fill out and sign the form needed to invest in this offer

Requirements for Investing

2 Government-issued Valid IDs

Fully-accomplished Forms

Requirements for Investing

	2 Government-issued Valid IDs
	Fully-accomplished Forms

Previous Offering

SMC Global Power Fixed Rate Bond worth PHP 30 billion

Offer Period:	March-April 2019
Minimum Investment:	PHP 50,000
Interest Payment	Quarterly
Listing Date	April 24, 2019

3-Year Series H bonds
Due 2022

Interest Rate: 6.8350% p.a.

5-Year Series I bonds
Due 2024

Interest Rate: 7.1783% p.a.

7-Year Series J bonds
Due 2026

Interest Rate: 7.6000% p.a.

SMC Global Power Fixed Rate Bond worth PHP 30 billion

Offer Period:	March-April 2019
Minimum Investment:	PHP 50,000
Interest Payment	Quarterly
Listing Date	April 24, 2019

3-Year Series H bonds
Due 2022

Interest Rate: 6.8350% p.a.

5-Year Series I bonds
Due 2024

Interest Rate: 7.1783% p.a.

7-Year Series J bonds
Due 2026

Interest Rate: 7.6000% p.a.

Frequently Asked Questions

INVEST IN PETRON PREFERRED SHARES

What are Preferred Shares/Stocks

A preferred share refers to a class of ownership that has a higher priority claim on the assets and earnings of a corporation than that of Common Shares.

Dividends on Preferred Shares have to be paid first than dividends on Common Shares.
Preferred Shares usually do not have voting rights.
Classes of Preferred Shares: Redeemable, Convertible, and Perpetual

Perpetual Preferred Shares (Perps)

Perps pay dividends indefinitely (declaration of dividends is at the sole option of the issuer).
Unpaid Perps dividends are cumulative.
Dividend rates are usually higher than Corporate Bonds.
Similar to Corporate Bonds, Perps may have call provisions to allow for early prepayment at the option of the Issuer

What is the minimum placement?

The minimum investment is 50 Preferred Shares, and in multiples of 10 Preferred Shares thereafter, or effectively, Php 50,000 and in increments of Php 10,000.

How do I earn in Preferred Shares?

As a preferred shareholder, earnings are through Cash Dividends.

Are the Cash Dividends taxable?

The taxation of dividends will be as follows:

Individuals: 10%
Corporation: 0%

When will I receive my earnings (cash dividends) from the Preferred Shares?

Cash Dividends will be payable quarterly of each year, being the last day of each 3-month period following the relevant Listing date and if declared by the Board of Directors.

What is Optional Redemption feature of the Preferred Shares?

Petron Corporation may redeem in whole (but not in part), any subseries of the Preferred Shares beginning on the respective Step-Up Dates, or on any Dividend Payment Date thereafter.

The Preferred Shares shall be redeemed at a redemption price, equal to the Offer Price of the Preferred Shares plus all dividends due to them on the actual date of redemption as well as all accumulated dividends due and payable after deduction of transfer costs customarily chargeable to stockholders, as applicable, to effect the redemption.

	Series 3A Preferred Shares	Series 3B Preferred Shares
Step Up Dates	5.5th year anniversary from Listing Date, or on any Dividend Payment Date thereafter	7th year anniversary from Listing Date, or on any Dividend Payment Date thereafter

What is the Step Up Dividend Rate?

Unless the Preferred Shares shall have been redeemed by Petron Corporation on the Optional Redemption Dates of each series, the initial dividend rate shall be adjusted as follows:

	Series 3A Preferred Shares	Series 3B Preferred Shares
Step Up Dividend Rate	Higher of (1) Initial Dividend Rate, or (2) Average of 7-Year Benchmark Rate for 3 Business Days + 3.25%	Higher of (1) Initial Dividend Rate, or (2) Average of 10-Year Benchmark Rate for 3 Business Days + 3.25%

How do I place reservation?

For Existing PNB Branch Clients

Go to your PNB Branch of account
Inquire about the Petron Perpetual Preferred Shares Series 3A and 3B
Place your reservation
Open/Update your PNB Securities trading account.

**Your Branch Officer may require you to accomplish and submit application forms

PNB Branch shall inform the designated Trader regarding reservation of client.
PNB Branch shall submit the complete and verified client’s application documents to PNB Capital.

For New PNB Branch Clients

Go to your preferred PNB Branch
Open a PNB account and inquire about the Petron Perpetual Preferred Shares Series 3A and 3B
Place your reservation
Open a PNB Securities trading account.

**Your Branch Officer may require you to accomplish and submit application forms

PNB Branch shall inform the designated Trader regarding reservation of client.
PNB Branch shall submit the complete and verified client’s application documents to PNB Capital.

For more information about the offer, you may refer to the Company’s prospectus at www.petron.com or go to www.edge.pse.com.ph.

What are Preferred Shares/Stocks

A preferred share refers to a class of ownership that has a higher priority claim on the assets and earnings of a corporation than that of Common Shares.

Dividends on Preferred Shares have to be paid first than dividends on Common Shares.
Preferred Shares usually do not have voting rights.
Classes of Preferred Shares: Redeemable, Convertible, and Perpetual

Perpetual Preferred Shares (Perps)

Perps pay dividends indefinitely (declaration of dividends is at the sole option of the issuer).
Unpaid Perps dividends are cumulative.
Dividend rates are usually higher than Corporate Bonds.
Similar to Corporate Bonds, Perps may have call provisions to allow for early prepayment at the option of the Issuer

What is the minimum placement?

The minimum investment is 50 Preferred Shares, and in multiples of 10 Preferred Shares thereafter, or effectively, Php 50,000 and in increments of Php 10,000.

How do I earn in Preferred Shares?

As a preferred shareholder, earnings are through Cash Dividends.

Are the Cash Dividends taxable?

The taxation of dividends will be as follows:

Individuals: 10%
Corporation: 0%

When will I receive my earnings (cash dividends) from the Preferred Shares?

Cash Dividends will be payable quarterly of each year, being the last day of each 3-month period following the relevant Listing date and if declared by the Board of Directors.

What is Optional Redemption feature of the Preferred Shares?

Petron Corporation may redeem in whole (but not in part), any subseries of the Preferred Shares beginning on the respective Step-Up Dates, or on any Dividend Payment Date thereafter.

	Series 3A Preferred Shares	Series 3B Preferred Shares
Step Up Dates	5.5th year anniversary from Listing Date, or on any Dividend Payment Date thereafter	7th year anniversary from Listing Date, or on any Dividend Payment Date thereafter

What is the Step Up Dividend Rate?

Unless the Preferred Shares shall have been redeemed by Petron Corporation on the Optional Redemption Dates of each series, the initial dividend rate shall be adjusted as follows:

	Series 3A Preferred Shares	Series 3B Preferred Shares
Step Up Dividend Rate	Higher of (1) Initial Dividend Rate, or (2) Average of 7-Year Benchmark Rate for 3 Business Days + 3.25%	Higher of (1) Initial Dividend Rate, or (2) Average of 10-Year Benchmark Rate for 3 Business Days + 3.25%

How do I place reservation?

For Existing PNB Branch Clients

Go to your PNB Branch of account
Inquire about the Petron Perpetual Preferred Shares Series 3A and 3B
Place your reservation
Open/Update your PNB Securities trading account.

**Your Branch Officer may require you to accomplish and submit application forms

PNB Branch shall inform the designated Trader regarding reservation of client.
PNB Branch shall submit the complete and verified client’s application documents to PNB Capital.

For New PNB Branch Clients

Go to your preferred PNB Branch
Open a PNB account and inquire about the Petron Perpetual Preferred Shares Series 3A and 3B
Place your reservation
Open a PNB Securities trading account.

**Your Branch Officer may require you to accomplish and submit application forms

PNB Branch shall inform the designated Trader regarding reservation of client.
PNB Branch shall submit the complete and verified client’s application documents to PNB Capital.

For more information about the offer, you may refer to the Company’s prospectus at www.petron.com or go to www.edge.pse.com.ph.

Contact PNB Capital

For further inquiries, please call PNB Capital at 526-3131 local 1515, or contact through its email: pnbcic@pnb.com.ph

Contact PNB Capital

For further inquiries, please call PNB Capital at 526-3131 local 1515, or contact through its email: pnbcic@pnb.com.ph