Philippines’ Aboitiz Power plans up to PHP 3 billion of 10-year bonds

By Marisa Wong

Morgantown, W.Va., May 17 – Aboitiz Power Corp. is planning to issue up to PHP 2 billion of 10-year bonds with an up to PHP 1 billion oversubscription option, according to a 17-C filing with the Philippines Securities and Exchange Commission.

This will be the first tranche under Aboitiz Power’s previously registered PHP 30 billion fixed-rate retail bond program. The bond program has a tenor of three years.

The power generation company is based in Taguig City, Philippines. It is a subsidiary of Aboitiz Equity Ventures, Inc.

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