Aboitiz Power Corp. said Thursday its board approved the early redemption option for its P2.5-billion bonds issued in 2018.
AboitizPower said in a disclosure to the Philippine Stock Exchange its board approved the early redemption option for its outstanding 10-year fixed rate retail bonds issued in 2018, with a fixed interest rate of 8.5091 percent per annum or the “2018 Series C Bonds”.
“The company will fully prepay the 2018 Series C Bonds in September 2025 using the proceeds from the retail bonds the company issued earlier this year,” AboitizPower said.
AboitizPower said it is coordinating with BDO Unibank Inc.-Trust and Investments Group and the Philippine Depository and Trust Corp. (the trustee and registrar/paying agent), respectively for the 2018 Series C Bonds for the issuance of the corresponding notices and the computation of the amounts due to the bondholders.
AboitizPower raised P30 billion in July 2025 from the issuance of fixed-retail bonds.
The first part consists of Series A bonds with a fixed interest rate of 5.8846 percent per annum due 2027, Series B bonds with a fixed interest rate of 6.2934 percent per annum due 2030 and Series C bonds with a fixed interest rate of 6.8572 percent per annum due 2035, equivalent to up to P20 billion with an oversubscription option for another P10 billion.
