Aboitiz Power to issue PhP10B retail bonds

July 4, 2014

Power company giant Aboitiz Power Corporation (AboitizPower) has approved the sale of up to PhP10 Billion worth of Fixed Rate Retail Bonds.

The bonds, which will be offered on the third quarter of the year, shall be available in minimum denominations of PhP50,000 each and in multiple denominations of P10,000. The proceeds of the sale will be used to finance the planned expansions of several of its power projects, among others.

PJS Law represents and advises AboitizPower in this transaction. Leading the PJS Law team is its Managing Partner, Reggie Barrientos, and includes Salma Angkaya-Kuhutan, Francis Alvin V. Asilo, and Maria Theresa Vivian Ventura-Pugeda.