ABOITIZ GETS SEC NOD FOR BOND ISSUE

ABOITIZ Equity Ventures Inc. (AEV) announced it has received the certificate of registration and the permit to offer securities for sale dated Nov. 22, 2022 from the Securities and Exchange Commission (SEC).

The bonds will have a base offer in the amount of P8 billion which is broken down into the following; P7.45 billion worth of securities which will be issued as the fourth and final tranche under AEV’s P30billion peso-denominated fixedrate retail bonds registered under the shelf registration program of the 2019 shelf registration program and P500 million to be issued as the first tranche under AEV’s P30billion peso-denominated fixedrate retail bonds registered under the shelf registration program of 2022.

The bonds under the 2022 shelf registration program will have an oversubscription option of up to P12 billion and if exercised, will form part of the first tranche to be issued under the same, which would then comprise a total of up to P12.55 billion. In addition, the base offer and the oversubscription option for these bonds will be issued on Dec. 7, 2022. The offer period will commence on Nov. 22, 2022 and end on Nov. 28, 2022.

AEV has appointed BDO Capital and Investment Corp., BPI Capital Corp., China Bank Capital Corp. and First Metro Investment Corp. as the joint issue managers, joint bookrunners and joint lead underwriters for the bonds.

BDO Unibank Inc. Trust and Investments Group was appointed as the trustee; and the Philippine Depository and Trust Corp. as the registrar and paying agent for the said bonds as well.

The bonds will be listed with the Philippine Dealing and Exchange Corp. after the close of the offer period and compliance with regulatory requirements.