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BusinessWorld February 25, 2021 | 12:07 am THE Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.’s bond offering and has greenlit Allied Care Experts (ACE) Medical Center-Palawan, Inc.’s initial public offering (IPO). “In its meeting on February 23, the Commission En Banc resolved to render effective the respective registration statements of AboitizPower for the issuance of fixed-rate bonds worth up to P30 billion and of ACE Medical Center-Palawan for the initial public offering of shares worth about P1 billion, subject to certain remaining requirements,” the SEC said in a statement. The commission granted AboitizPower permission to issue the securities in one or more series in the next three years. The company plans to offer up to P4-billion fixed-rate bonds due in 2026, to be listed on the Philippine Dealing & Exchange Corp.

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