Published December 16, 2020, 5:30 AM
The board of directors of Aboitiz Power Corporation has approved the company’s P30 billion peso-denominated fixed rate retail bonds to be issued in tranches.
The company said it will file registration for the planned bond issuance under the shelf registration program of the Securities and Exchange Commission.
As specified, the first tranche of the retail bonds will be P4.0 billion, with an oversubscription option of up to P4.0 billion.
“The first tranche is expected to be offered to the general public, subject to market conditions, during the first quarter of 2021,” the company has specified.
The firm similarly indicated that it plans to list the first tranche of its retail bonds with the Philippine Dealing and Exchange Corporation (PDEx).