Aboitiz Equity To Issue P30B Bonds

Aboitiz Equity Ventures Inc. announced Tuesday that it has received the Certificate of Permit to Offer Securities for Sale dated July 26, 2021 (the “Permit”) from the Securities and Exchange Commission (the “SEC”).

The Permit allows AEV to offer and issue the third tranche of retail bonds from its SEC-registered P30 billion (bn) peso-denominated fixed-rate retail bonds shelf registration program.

The third tranche bonds, with a principal amount of P5 bn and an oversubscription option of up to P5 bn (the “Bonds”), will be issued on August 9, 2021. The offer period commenced on July 26, 2021, and will end on July 30, 2021.

The Company has appointed BDO Capital & Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, SB Capital Investment Corporation, and First Metro Investment Corporation as Joint Issue Managers, Joint Bookrunners, and Joint Lead Underwriters; BDO Unibank, Inc. - Trust and Investments Group as the Trustee; and Philippine Depository & Trust Corp. as the Registrar and Paying Agent. AEV intends to list the Bonds with the Philippine Dealing & Exchange Corporation.

The Bonds earlier received the highest possible rating of “PRS Aaa” from the Philippine Rating Services Corporation.

WEEKLY FEATURE : PAL READY TO SOAR WITH PANDEMIC