Aboitiz Power gets SEC nod for P100-B bond shelf registration

June 13, 2025
11:42AM PHT

The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.’s shelf registration of up to P100 billion in fixed-rate bonds, paving the way for the energy company’s capital-raising efforts.

The SEC En Banc, in a meeting held on June 10, deemed Aboitiz Power’s registration effective, allowing the firm to proceed with its planned offerings once final documentation requirements are fulfilled.

For the initial tranche under the shelf program, Aboitiz Power will offer up to P20 billion worth of bonds, with an option to upsize the offer by another P10 billion. If the oversubscription option is fully exercised, the company expects to raise as much as P29.64 billion.

Proceeds from the issuance will be used to refinance and redeem existing debt obligations, the company said in its latest filing.

The public offer period is scheduled from June 23 to 27, with listing on the Philippine Dealing and Exchange Corp. targeted for July 7.

BDO Capital & Investment Corp., First Metro Investment Corp., Union Bank of the Philippines, China Bank Capital Corp., Land Bank of the Philippines, PNB Capital and Investment Corp., and Security Bank Capital Investment Corp. have been tapped as joint issue managers and joint lead underwriters for the offering.

The debt sale is part of Aboitiz Power’s capital strategy to strengthen its balance sheet and support its energy portfolio diversification, which includes renewable and thermal assets across the Philippines. —Ed: Corrie S. Narisma

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