ABOITIZ Power Corp. is seeking the Securities and Exchange Commission’s (SEC) approval for the sale of retail bonds worth up to P30 billion. In a disclosure, AboitizPower said it filed Monday a registration statement for its proposed fixed-rate retail bonds amounting to P30 billion under the shelf registration program of the SEC. The first tranche of bonds, worth up to P4 billion and with an oversubscription option of up to P4 billion, is expected to be issued in the first quarter of 2021. “AboitizPower expects to issue subsequent tranches of the Bonds under this shelf registration statement, as the need arises and as market conditions permit,” it added.