Published December 21, 2020, 5:30 AM Aboitiz Power Corporation is planning to raise up to P8 billion from a proposed bond issuance as the initial tranche of its new three-year Shelf Registration of up to P30 billion. The firm is planning to offer bonds worth up to P4 billion with an oversubscription option of up to P4 billion to refinance the Company’s corporate debts and for other general corporate purposes. Philippine Rating Services Corporation (PhilRatings) has assigned the planned bond float its highest Issue Credit Rating of PRS Aaa with a Stable Outlook. Aboitiz Power also maintained the Issue Credit Rating of PRS Aaa and a Stable Outlook for AboitizPower’s outstanding P40 billion bonds.