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Saturday, November 23, 2024

Aboitiz Equity Ventures unveils plan to issue P17.45-billion bonds

Aboitiz Equity Ventures Inc. said Tuesday it plans to raise up to P17.45 billion from the issuance of fixed-rate bonds.

AEV said in a filing with the stock exchange it would issue the bonds as second tranche of its P30-billion bond shelf registered debt securities program approved by the Securities and Exchange Commission in November 2022.

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It said it plans to issue the bonds in the third quarter of 2023, subject to market conditions.

The bonds will be listed on the Philippine Dealing and Exchange Corp.

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