AboitizPower’s bond sale approvedhome/Business/Corporate News/AboitizPower’s bond sale approvedTHE Securities and Exchange Commission (SEC) has approved AboitizPower Corp.’s planned sale of fixed-rate bonds worth up to P12 billion. The bonds, which represent the third tranche of AboitizPower’s P30-billion shelf registration program, bagged the highest credit score from the Philippine Ratings Services Corp. For the transaction, AboitizPower has tapped BDO Capital and Investment Corp. and First Metro Investment Corp. as joint issue managers. The company has a net sellable capacity of 3,349.7 megawatts (MW) as of end-June. This will bring the firm closer to its 2020 target of having 4,000 MW of attributable net sellable capacity.

Source: Manila Times September 30, 2019 16:07 UTC