Aboitiz Power to raise up to P12B from bond market

Aboitiz Power Corp. will offer as much as P12 billion in fixed-rate retail bonds to fund future renewable energy projects.

The offering will be the second tranche out of AP’s P30 billion securities shelf program registered with the Securities and Exchange Commission.

The second tranche is slated for offering in the fourth quarter.

Proceeds will be used for refinancing, general corporate purposes and/or future renewable projects.

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Aboitiz Power to raise up to P12B from bond market
Source: Filipino Daily Inquirer