Business World

AboitizPow­er approves P12-billion retail bonds

- AboitizPow­er said that the securities form the second tranche of its P30-billion bond issuance under its shelf-registrati­on program. Earnings from the bonds will refinance activities, support general corporate purposes or fund future renewable energy pro

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.

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