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Aboitiz firm to issue third tranche of P30-B bonds
June 1, 2021 | 12:06 am
ABOITIZ Equity Ventures, Inc. (AEV) is preparing to issue the third tranche of its P30-billion shelf-registered bonds consisting of a P5-billion primary offer, with an oversubscription option of up to P5 billion.
AEV said in a disclosure to the stock exchange on Monday that it had filed an application with the Securities and Exchange Commission for the issuance.
“The proceeds from the third tranche bonds are intended to finance the early redemption of certain outstanding bonds of the AEV, to finance future funding requirements of Aboitiz InfraCapital, Inc., and other general corporate purposes,” the company said.
AboitizPower begins public offer of P8-B retail bonds
March 3, 2021 | 12:04 am
ABOITIZ Power Corp. has started selling its five-year fixed rate bonds worth P8 billion to retail investors after its receipt of the corporate regulator’s permit to offer the securities for sale.
“The certificate of permit to offer securities for sale was issued in relation to P8 billion in aggregate principal amount, including the oversubscription option, of five-year fixed rate bonds due 2026 with an interest rate of 3.8224% per annum to be offered to retail investors,” the company said in a disclosure on Tuesday.
AboitizPower said that it had received the certificate to sell its first tranche bonds from the Securities and Exchange Commission (SEC) on Monday.
January 27, 2021 | 12:07 am Font Size
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PROPERTY developer SM Prime Holdings, Inc. has set the interest rate of its retail bonds due on 2023 at 2.4565%, while those due on 2026 at 3.8547%, it said in a regulatory filing on Tuesday.
The peso-denominated 2.5-year series M and the five-year series N retail bonds will be offered to investors from Jan. 25 to 29, after receiving the necessary permit from the Securities and Exchange Commission (SEC). They will be issued on Feb. 5.
SM Prime is issuing an aggregate principal amount of P5 billion for the two bonds with an oversubscription option of an additional P5 billion.
“The proceeds of the retail bonds will allow SM Prime to continue its expansion plans in its core business, which will further drive the company’s growth,” SM Prime Chief Finance Officer John Nai Peng C. Ong was quoted as saying.
BusinessWorld
January 25, 2021 | 12:04 am
Angelica Y. Yang
ALCANTARA-LED Alsons Consolidated Resources, Inc. (ACR) has earmarked around P6.54 billion as capital expenditures (capex) for four projects under development, including three hydro plants, the listed firm said over the weekend.
ACR, which claims to be the first private sector power generator in Mindanao, has an aggregate installed capacity of 468 megawatts (MW).
“Capex in 2021 specifically allotted to projects under development is around P6.54 billion. This would cover the prospective (105-MW) San Ramon Power, Inc. (SRPI) baseload thermal plant in Zamboanga City and three of our prospective hydroelectric power plants,” ACR Executive Vice President and Chief Operating Officer Tirso G. Santillan, Jr. was quoted as saying via e-mail.