The Philippine Dealing and Exchange Corp. approved the listing of Aboitiz Power Corp.’s P12-billion fixed-rate retail bonds, including oversubscription, out of its P30-billion debt securities program registered and approved by the Securities and Exchange Commission.
“The PDEx approval paves the way for the secondary market trading of the Series ‘B’ bonds, with a fixed interest rate of 3.9992 percent per annum maturing in 2025, and the Series ‘C’ bonds with a fixed interest rate of 5.0283 percent per annum maturing in 2028,” Aboitiz Power said in a disclosure to the stock exchange Thursday.
Aboitiz Power received the go signal from the SEC to issue the second tranche of its P30-billion fixed-rate retail bonds. It received the certificate of permit to offer securities for sale dated Nov. 15 from the SEC.
“The permit allows Aboitiz Power to issue the second tranche of its P30 billion peso-denominated fixed-rate retail bonds registered under the shelf registration program of SEC on March 1, 2021,” the company said earlier.