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PDEX approves listing of Php12B in AboitizPower bonds

  • December 6, 2021
  • 0
PDEX approves listing of Php12B in AboitizPower bonds

The Philippine Dealing and Exchange Corporation (PDEX) has approved the listing Aboitiz Power Corporation’s fixed-rate retail bonds worth Php12 billion, including oversubscription.

In a disclosure to the Philippine Stock Exchange on Thursday, AboitizPower said the approval paves the way for the se

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condary market trading of the Series ‘B’ bonds, with a fixed interest rate of 3.9992% per annum maturing in 2025, and the Series ‘C’ bonds with a fixed interest rate of 5.0283 percent per
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annum maturing in 2028.

AboitizPower received the Securities and Exchanges Commission’s (SEC) certificate of permit to offer securities for sale last November 15.

The recently-approved bonds is the second tranche of its Php30-billion debt securities program registered and approved by the SEC earlier this year.

AboitizPower is the country’s largest power generator.