Aboitiz Power Corporation (AboitizPower) is gearing up for growth, securing the Securities and Exchange Commission’s (SEC) approval to launch a shelf registration of fixed-rate retail bonds worth up to PHP 100 billion.

In a disclosure to the Philippine Stock Exchange, AboitizPower said it received the SEC’s Order of Registration and Certificate of Permit to Offer Securities for Sale dated June 25, 2025. The company will begin offering the first tranche of the bonds on June 26, with a base amount of PHP 20 billion and an oversubscription option of up to PHP 10 billion. The offer period will run until July 4, 2025, with the issuance and listing targeted for July 14, 2025 on the Philippine Dealing & Exchange Corp. (PDEx).

The bonds received a PRS Aaa rating with a Stable Outlook from the Philippine Rating Services Corporation (PhilRatings), indicating the highest level of creditworthiness.

Proceeds from the bond issuance are expected to support the company’s general corporate requirements, although specific uses were not disclosed in the filing.

AboitizPower has appointed BDO Capital & Investment Corporation, First Metro Investment Corporation, and Union Bank of the Philippines as Joint Issue Managers. They will also act as Joint Lead Underwriters and Bookrunners alongside China Bank Capital Corporation, Landbank of the Philippines, PNB Capital and Investment Corporation, and Security Bank Capital Investment Corporation.

The BDO Unibank, Inc. – Trust and Investments Group will serve as the Trustee, and the Philippine Depository & Trust Corp. (PDTC) as the Registrar of the bonds.

The remaining bonds under the shelf registration may be issued in future rounds, subject to market conditions and company needs.

What do you think AboitizPower’s bond issuance signals about the company’s future direction and the broader energy investment landscape?

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