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Aboitiz Equity Ventures prepays PHP 1.8 billion bonds due 2023
By Marisa Wong
Los Angeles, Nov. 24 – Philippines’ Aboitiz Equity Ventures Inc. confirmed that it prepaid all PHP 1.8 billion of its outstanding 10-year fixed-rate retail bonds issued Nov. 21, 2013 ahead of their maturity in 2023.
Payment was made on Nov. 22, according a 17-C filed Tuesday with the Philippine Securities and Exchange Commission.
A previous notice specified the redemption date as Nov. 21 and the redemption price as 101.
Aboitiz Equity Ventures is the holding company for Aboitiz & Co.’s power, banking, food and transport businesses. The group is based in Cebu City, Philippines.
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