AboitizPower approves P12-billion retail bonds
THE board of directors of Aboitiz Power Corp. has cleared the issuance of up to P12 billion worth of fixed-rate retail bonds, which the company plans to offer in the fourth quarter and listed on the bond exchange.
“Subject to market conditions, the second tranche bonds [are] expected to be offered to the general public in the fourth quarter of 2021,” the firm said in a regulatory filing on Monday, adding that these will be listed with the Philippine Dealing & Exchange Corp.