While this was a very, very important milestone, the impact from a stock perspective was minimized due to a simultaneous capital raise via a
shelf offering with Aegis Capital as underwriter.
The company completed a
shelf offering with the United States Securities and Exchange Commission and will sell the bonds to investors worldwide through lead underwriters JP Morgan, Bank of America Merrill Lynch and Citigroup.
The bonds were issued in 2016 as part of Petron's three-year
shelf offering of P40 billion.
Also, any offering of these securities in the future will be made pursuant to a supplemental
shelf offering report which will describe the terms of the securities being offered and the specific details of the offering.
(NASDAQ and TASE: PTNR), a Israeli communications operator, reports, pursuant to the company's Shelf Prospectus dated September 3, 2009, as amended to date, and the Supplemental
Shelf Offering Report dated April 15, 2010, as amended to date (the "Offering Report"), that the company's Series D Notes will bear interest at a rate of 0.328% for the period commencing on December 31, 2017 and ending on March 30, 2018, the company said.
This is a type of registration, sometimes called as
shelf offering, that allows companies to raise capital from the public without a separate registration for each act of offering.
If issued, the terms of the Additional Series A Notes will be similar to the terms of the Series A Notes previously issued by the Company in June 2010 and in March 2012, in accordance with the Company's shelf prospectus dated May 18, 2010 (the "Shelf Prospectus") and the
shelf offering reports of June 2010 and March 2012, respectively and which are currently traded on the Tel Aviv Stock Exchange Ltd.
The SEC will consider whether to impose time limits before a sponsor of the ABS can conduct the first sale in a
shelf offering. Under current rules, issuers may sell ABS almost immediately, without providing investors a minimum amount of time to review the disclosure in the offering materials.
An unsung hero from Tesco's bottom
shelf offering a big, presentable red to bolster any meal.
Last month, it filed a
shelf offering with the U.S.
Don Cacciola: This category has moved from its origins as a generic, no frills, low priced product to its current status as a competitive brand on the
shelf offering comparable performance levels to the national brands while still maintaining a strong value position for customers.
Graftech (EAF) down 2.0% after mixed
shelf offering. Movers as of 18:45ET.
