Aboitiz Power Corporation has announced plans to issue up to PHP10 billion worth of fixed-rate retail bonds in the Philippines. Proceeds from the bond sale will be used in part to support the development of its Cleanergy portfolio as well as to support future renewable project construction. The company has filed an application with the Securities and Exchange Commission (SEC) to issue the third tranche of the PHP30 billion fixed-rate retail bonds under the shelf registration program.
China Bank Capital Corporation, BDO Capital & Investment Corporation, and First Metro Securities Brokerage Corporation (FMIC) will serve as the joint issue managers for the issue. Additionally, BDO Capital, ChinaBank Capital, FMIC, and Security Bank Corporation have been appointed as joint lead underwriters and joint bookrunners.