Aboitiz Power to raise P27B from retail bond offering
Aboitiz Power Corp. has approved the issuance of P27 billion worth fixed-rate retails bonds to fund acquisitions and repay debt.
The bonds will be issued in one or more tranches, depending on market conditions.
AboitizPower hopes to offer the bonds in the third or fourth quarter.
The company’s board has authorized its management to make the final determination of the issue amount, interest rate, offer price, tenors, and other terms and conditions of the bonds.