ABOITIZ EQUITY TO ISSUE P30B PESO BONDS

Aboitiz Equity Ventures Inc. (AEV } has received the Certificate of Permit to Offer Securities for Sale dated October 29, 2020 (the “Permit”) from the Securities and Exchange Commission (the “SEC”). 

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

The second tranche bonds, with a principal amount of P5 bn and an oversubscription option of up to P5 bn (the “Bonds”), will be issued on November 16, 2020. The offer period commences on October 29, 2020 and will end on November 6, 2020.

The Company has appointed BDO Capital & Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, First Metro Investment Corporation, and SB Capital Investment Corporation, as Joint Issue Managers, Joint Lead Underwriters and Joint Bookrunners; 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.