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Philippines' Aboitiz Power splits interest period of five-year bonds
By Marisa Wong
Madison, Wis., Feb. 24 - Aboitiz Power Corp. amended the terms of its five-year AP fixed-rate bonds due 2014, according to a 17-C filed Wednesday with the Philippine Securities and Exchange Commission.
Specifically, the company divided the last interest period of the five-year bonds into two periods, with the first period beginning Jan. 30, 2014 and ending April 30, 2014 and the second period beginning April 30, 2014 and ending May 1, 2014.
The amendment follows the receipt of approval from 52.95% of the bondholders.
Philippine Islands-Asset Management and Trust Group is the trustee for the bonds.
The Cebu City, Philippines-based holding company owns hydroelectric power generation facilities and thermal plants.
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