Aboitiz Equity Ventures, the listed conglomerate of the Aboitiz Group, has received the approval of the Philippine Dealing & Exchange Corp. for its plan to issue P20 billion in fixed-rate retail bonds.
Aboitiz Equity Ventures Inc., the listed Cebu-based conglomerate, reported a consolidated net income of P9.6 billion in the third quarter, up 57 percent from a year ago.
Aboitiz Equity Ventures Inc. is set to raise up to P12 billion through two shelf registration programs which are targeted to be offered in the fourth quarter.