Aboitiz Power Corp. is set to issue the fourth tranche of its P30-billion fixed-rate retail bonds after the Securities and Exchange Commission (SEC) signed off its release.
The latest tranche of the peso-denominated securities, which the corporate regulator cleared last Friday, is worth P6 billion, with an oversubscription option of up to P3.55 billion.
It is composed of Series E fixed-rate bonds with an annual interest rate of 3.125% that is due in 2022 and Series F fixed-rate bonds with an interest rate of 3.935% per annum that is due in 2025.
The bonds offer commenced on June 19 and will end on June 26. These will be issued on July 6.
AboitizPower chose BDO Capital & Investment Corp., China Bank Capital Corp., and First Metro Investment Corp. as joint issue managers and joint lead underwriters.
It also designated BDO Unibank, Inc.’s trust and investments group as the trustee and Philippine Depository & Trust Corp. as the registrar and paying agent.
The company started selling securities under the shelf registration program of the SEC in 2017.
Shares in AboitizPower increased by 2.16% to close at P28.40 each on Monday. — Adam J. Ang
