AboitizPower Raising P100B From Fixed-Rate Bond Offering

Aboitiz Power Corp. is returning to the bond market after three years, this time planning to raise as much as P100 billion in fresh funds to beef up its war chest.

- By BRIX LELIS

In a disclosure to the Philippine Stock Exchange, the company said its board of directors approved the filing of a registration statement before the Securities and Exchange Commission for P100 billion worth of fixed-rate retail bonds.

The peso-denominated bonds under the shelf registration program will be issued in tranches.

For the first tranche, AboitizPower plans to issue an initial P20 billion worth of retail bonds, with an oversubscription of up to P10 billion.